Option Movers | TSLA Shows Bearish Sentiment; Traders Are Selling ORCL Calls
U.S. stocks ended moderately lower on Thursday (Oct 2), with most S&P 500 sectors down as economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve.
Regarding the options market, a total volume of 65,086,620 contracts was traded on Wednesday, call ratio accounted for 59%.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$; $TSLA(TSLA)$; $INTC(INTC)$; $AAPL(AAPL)$; $AMZN(AMZN)$; $PLTR(PLTR)$; $MSTR(MSTR)$; $ORCL(ORCL)$; $AMD(AMD)$; $MARA(MARA)$
Source: Tiger Trade App
$Tesla(TSLA)$ stock lost 4.4% to close at $423.39 on Thursday. The move followed the European Automobile Manufacturers' Association's (ACEA) release of sales data for August. Tesla sold 8,220 vehicles in the European Union, down 37% year over year.
Based on option delta volume, traders sold a net equivalent of -362,391 shares of $Tesla(TSLA)$ stock. The largest delta volume came from the 26-Sep-25 430 Call, with traders getting short 267,950 deltas on the single option contract.
Source: Market Chameleon
Unusual Options Activity
Source: Market Chameleon
$Oracle(ORCL)$ stock declined 5.55% on Thursday to $291.33 and continued to drop 2% in premarket trading on Friday after the database-software company sold $18 billion of new investment-grade bonds on Wednesday, up from initial guidance of $15 billion.
Proceeds from the bonds have been earmarked for general corporate purposes, which could include spending on artificial-intelligence infrastructure.
Separately, Rothschild analyst Alex Haissl issued a Sell rating on the stock with a $175 price target, arguing that investors have been “overestimating the value of Oracle’s contracted cloud revenue.”
Based on option delta volume, traders sold a net equivalent of -83,609 shares of $Oracle(ORCL)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 26-Sep-25 295 Call, with traders getting short 107,020 deltas on the single option contract.
Source: Market Chameleon
TOP Bullish & Bearish Single Stocks
This report shows stocks with the highest volume of bullish and bearish activity by option delta volume, which converts option volume to an equivalent stock volume (bought or sold).
If we take the total positive option delta volume and subtract the total negative option delta volume, we will get the net imbalance. If the net imbalance is positive, there is more bullish pressure. If the net is negative, there is more bearish pressure.
Top 10 bullish stocks: $INTC(INTC)$; $NVDA(NVDA)$; $FCX(FCX)$; $IBM(IBM)$; $WBD(WBD)$; $HPE(HPE)$; $DELL(DELL)$; $CVS(CVS)$; $C(C)$; $EMN(EMN)$
Top 10 bearish stocks: $F(F)$; $PFE(PFE)$; $AMZN(AMZN)$; $TSLA(TSLA)$; $BSX(BSX)$; $AMD(AMD)$; $PLTR(PLTR)$; $CCL(CCL)$; $GOOGL(GOOGL)$; $KO(KO)$
Source: Market Chameleon
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