Option Movers｜TeraWulf's $17 Call Soars 383%; Wal-Mart's Volume Surges 5 Times; Nvidia Shows Bearish Sentiment
Wall Street ended mixed on Tuesday(Oct 14) as investors digested mostly positive quarterly results from big U.S. banks, comments from Federal Reserve Chair Jerome Powell and an ongoing U.S.-China trade war.
Regarding the options market, a total volume of 62,357,310 contracts was traded on Tuesday.
Top 10 Option Volumes
Source: Tiger Trade App
$TeraWulf Inc.(WULF)$ shares enjoyed an over 10% rise that trading day thanks to some news on the financing front and an analyst's fresh price-target increase. TeraWulf announced that its subsidiary Wulf Compute aims to float $3.2 billion aggregate principal amount of senior secured notes. These debt securities mature in 2030 and are to be sold in a private offering to institutional buyers. The company hasn't yet disclosed the interest the notes will pay.
A total number of 577.99K options related to $TeraWulf Inc.(WULF)$ were traded on Tuesday, 3 times higher than the previous trading day, of which call options accounted for 80%. Particularly high volume was seen for the $17 strike call option expiring Oct. 17, with 43,276 contracts trading.
Unusual Options Activity
Source: Market Chameleon
$Wal-Mart(WMT)$ jumped 5%. The world's largest retailer announced it was partnering with OpenAI to allow customers to buy its products through ChatGPT using Instant Checkout.
A total number of 420,314 options related to $Wal-Mart(WMT)$ were traded on Tuesday, 5 times higher than the previous trading day, of which call options accounted for 75%. Particularly high volume was seen for the $105 strike call option expiring Nov. 21, with 51,153 contracts trading.
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 -766,004 shares of $NVIDIA(NVDA)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 16-Jan-26 170 Call, with traders getting long 144,435 deltas on the single option contract.
Source: Market Chameleon
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