Major stock indexes extended declines on Wednesday (Mar 18) after Fed Chair Jerome Powell held a news conference and reiterated the uncertainty the war creates for the economic outlook.
Regarding the options market, a total volume of 49,093,669 contracts was traded on Wednesday.
Top 10 Option Volumes
Top 10: Tesla Motors, NVIDIA, Cboe Volatility Index, Amazon.com, Microsoft, Apple, Micron Technology, Meta Platforms, Inc., Advanced Micro Devices, SoFi Technologies Inc.
Tesla Motors fell 2% on Wednesday.
A total number of 2.42 million options related to Tesla Motors were traded on Wednesday, of which call options accounted for 57%. Particularly high volume was seen for the $400 strike call option expiring Mar 18, with 164,306 contracts trading.
Microsoft shares slid 2% on Wednesday.
A total number of 655.48K options related to Microsoft were traded on Wednesday, of which call options accounted for 49%. Particularly high volume was seen for the $395 strike call option expiring Mar 18, with 24,775 contracts trading.
Unusual Options Activity
Shares of PDD Holdings Inc fell 4% on Wednesday.
A total number of 128.19K options related to PDD Holdings Inc were traded on Wednesday, of which call options accounted for 77%. Particularly high volume was seen for the $130 strike call option expiring May 15, with 38,128 contracts trading. $PDD 20260515 130.0 CALL$
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.
Top 10 bullish stocks: CANADIAN PAC KANS CITY LTD, Palantir Technologies Inc., SoFi Technologies Inc., Riot Platforms, Marvell Technology, BigBear.ai Holdings, Galaxy Digital Holdings Ltd., NVIDIA, iPath Series B S&P 500 VIX Short-Term Futures ETN, uniQure NV
Top 10 bearish stocks: Micron Technology, JetBlue Airways, Warner Bros. Discovery APPLIED DIGITAL CORP Ondas Holdings Inc. Day One Biopharmaceuticals Inc. Cipher Mining Inc. EQT Corp Rackspace Technology NuScale Power
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