Wall Street closed mixed on Thursday(Dec 26) and the U.S. benchmark Treasury yield eased after scaling the highest level since May in light, directionless post-Christmas trading.

Regarding the options market, a total volume of 37,840,629 contracts was traded on Thursday.

Top 10 Option Volumes

Top 10: NVDA; TSLA; AAPL; Broadcom ; Palantir Technologies Inc. ; MSTR; AMD; SoundHound AI Inc ; GameStop ; Rigetti Computing

Source: Tiger Trade App

MicroStrategy, the world's largest corporate holder of Bitcoin, tumbled 5% after rising 7.8% on Tuesday and declining 8% on Monday. In a filing late Monday with the Securities and Exchange Commission, MicroStrategy asked shareholders for approval to boost the authorized number of the company's class A common shares outstanding to 10.33 billion from the current 330 million. Andrew Bary of Barron's noted that would be enough stock at MicroStrategy's current share price to purchase all of the world's Bitcoin, or nearly 20 million coins. Bitcoin has fallen 3.6% over the past 24 hours to $95,541.

A total number of 475.95K options related to MicroStrategy was traded, up 63% from the previous trading, of which 70% were call options. A particularly high option volume related to MSTR was seen for the $385 strike call option expiring Dec 27, with 27,777 contracts trading as of Thursday. $MSTR 20241227 385.0 CALL$

Unusual Options Activity

Source: Market Chameleon

SoundHound AI Inc stock is posting big gains in Thursday's trading. The company's share price was up 19.7%. SoundHound AI stock is surging amid a day of strong momentum for meme stocks. Speculative growth plays are seeing a strong rebound on the heels of recent valuation volatility, and the conversational artificial intelligence (AI) is also getting a boost from bullish analyst coverage.

A total number of 432.14K options related to SoundHound AI Inc was traded, up 280% from the previous trading, of which 63% were call options. A particularly high option volume related to SOUN was seen for the $25 strike call option expiring Dec 27, with 18,853 contracts trading as of Thursday. $SOUN 20241227 25.0 CALL$

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 bought a net equivalent of 1,742,449 shares of RCL stock. The largest bullish delta came from buying calls. The largest delta volume came from the 17-Jan-25 Call, with traders getting long 500,844 deltas on the single option contract.

Source: Market Chameleon

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