To The Moon

Market Overview

Wall Street stocks closed higher on Monday (Nov. 24), extending Friday's rally as increased odds that the U.S. Federal Reserve will lower its Fed funds target rate in December helped investors look past concerns about inflated tech valuations.

Regarding the options market, a total volume of 54,442,505 contracts was traded, down 6% from the previous trading day.

Top 10 Option Volumes

Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $AAPL(AAPL)$, $PLTR(PLTR)$, $AMZN(AMZN)$, $MSTR(MSTR)$, $HOOD(HOOD)$, $META(META)$, $AMD(AMD)$, $SOFI(SOFI)$

Source: Tiger Trade App

$Tesla(TSLA)$ shares jumped 6.8% on Monday. CEO Elon Musk said Sunday in a post on X that the electric-vehicle maker already had designed several million artificial-intelligence chips for its cars and data centers. Tesla is close to finishing its AI5 chip, has started work on its AI6 chip, and aims to bring a new chip to volume production every 12 months, Musk claimed.

There are 3.59 million Tesla option contracts traded on Monday, down 50% from the previous trading day. Call options account for 58% of overall option trades. Particularly high volume was seen for the $420 strike call option expiring November 28, with 102,000 contracts trading. TSLA 20251128 420.0 CALL

Unusual Options Activity

Source: Market Chameleon

$Alphabet(GOOGL)$ shares jumped 6.3% on Monday. The Google parent has been the clear AI winner among megacap tech stocks this year, with shares surging 68% thanks to four consecutive earnings beats and excitement about the launch of Google’s latest large-language model, Gemini 3. Alphabet on Friday passed Microsoft to become the third-largest U.S. company by total market capitalization, the first time it has been above the IT giant since August 2018.

There are 1 million Alphabet option contracts traded on Monday, down 16% from the previous trading day. Call options account for 64% of overall option trades. Particularly high volume was seen for the $320 strike call option expiring November 28, with 53,741 contracts trading. GOOGL 20251128 320.0 CALL

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