Option Movers｜Options Market's Total Volume Surged 51%; IBIT Sees 74% Call Options
Investor worries that Wall Street's record stock rally would soon fizzle loomed large on Friday(Oct 10) after tariffs re-emerged as a market risk. U.S. equity markets, fresh off midweek record highs, performed an about-face during the trading session after President Donald Trump revived threats to hike tariffs against China. Investors worried that a possible tit-for-tat trade drama between the world's two biggest economies could mark the end of a record-breaking rise in U.S. equities.
Regarding the options market, a total volume of 97,265,485 contracts was traded on Friday, up 51% from the previous trading day.
Top 10 Option Volumes
Source: Tiger Trade App
$Nvidia(NVDA)$ fell 5% after shares of the leading maker of chips for artificial-intelligence applications closed Thursday at $192.57, an all-time high. Shares reversed earlier gains and slumped along with other tech stocks on Friday after Trump signaled increased trade tensions between the U.S. and China. The president's post followed a report that China was stepping up its effort to prevent imports of U.S. semiconductors.
A total number of 5.34 million options related to $NVIDIA(NVDA)$ were traded on Friday, up 46% from the previous trading day, of which call options accounted for 61%. Particularly high volume was seen for the $195 strike call option expiring Oct. 17, with 152,405 contracts trading. $NVDA 20251017 195.0 CALL$
Unusual Options Activity
Source: Market Chameleon
Bitcoin, the world's largest cryptocurrency by market value, extended declines on Friday after U.S. President Donald Trump escalated his trade conflict with China. Bitcoin was last down 7.01% at $113,189 as of 19:12 ET on Friday. $iShares Bitcoin Trust ETF(IBIT)$ fell 3.7% on Friday.
A total number of 1,211,292 options related to $iShares Bitcoin Trust ETF(IBIT)$ were traded on Friday, up 63% from the previous trading day, of which call options accounted for 74%. Particularly high volume was seen for the $70 strike call option expiring Nov. 21, with 28,964 contracts trading. $IBIT 20251121 70.0 CALL$
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.
Based on option delta volume, traders sold a net equivalent of -2,056,306 shares of $NVIDIA(NVDA)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 10-Oct-25 195 Call, with traders getting short 907,711 deltas on the single option contract.
Source: Market Chameleon
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