Wall Street's three main stock indexes ended lower in choppy trading on Tuesday(Sep 16) as caution set in ahead of an anticipated interest rate cut from the Federal Reserve.
Regarding the options market, a total volume of 49,305,388 contracts was traded on Tuesday.
Top 10 Option Volumes
Source: Tiger Trade App
BigBear.ai Holdings Inc rose 16.7% Tuesday to close at $5.94. Trading was elevated, with 207.0 million shares changing hands versus a three-month average of 118.7 million, signaling strong interest following the company's latest product deployment update.
A total number of 449.16K options related to BigBear.ai Holdings were traded on Tuesday, up 274% from the previous trading day, of which call options accounted for 91%. Particularly high volume was seen for the $6 strike call option expiring Sept. 19, with 47,261 contracts trading. The $6 BigBear.ai strike call option expiring Sept. 19 surged 500% on Tuesday. $BBAI 20250919 6.0 CALL$
Unusual Options Activity
Source: Market Chameleon
Alibaba Group Holding (HKG:9988) has completed the offering of about $3.2 billion in zero-coupon convertible senior notes due 2032, according to a Wednesday Hong Kong bourse filing. Alibaba shares gained 2% in overnight trading.
A total number of 424.39K options related to Alibaba Group were traded on Tuesday, up 15% from the previous trading day, of which call options accounted for 78%. Particularly high volume was seen for the $160 strike call option expiring Sept. 19, with 24,116 contracts trading. $BABA 20250919 160.0 CALL$
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 -1,048,591 shares of Target stock. The largest bearish delta came from buying puts. The largest delta volume came from the 19-Sep-25 105 Put, with traders getting short 498,608 deltas on the single option contract.
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