The Nasdaq notched a record high close on Friday(Sep 12) in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve's policy meeting next week, when it is widely expected to cut interest rates to counter a slowdown in the jobs market.
Regarding the options market, a total volume of 68,814,210 contracts was traded on Friday, up 13% from the previous trading day.
Top 10 Option Volumes
Source: Tiger Trade App
Tesla rose 7.4%. The move followed a gain of 6% on Thursday for shares of the electric-vehicle maker, which rose in part on U.S. inflation data that was in line with economists' estimates and firmed up the belief the Federal Reserve will cut interest rates. Since cars are generally financed, auto companies benefit from lower rates.
A total number of 6.53 million options related to Tesla were traded on Friday, up 90% from the previous trading day, of which call options accounted for 64%. Particularly high volume was seen for the $400 strike call option expiring Sept. 19, with 170,565 contracts trading. The $400 Tesla strike call option expiring Sept. 19 surged 329% on Friday. $TSLA 20250919 400.0 CALL$
Unusual Options Activity
Source: Market Chameleon
IonQ surged 18% to $55.61. The quantum computing company said it had secured regulatory approval from the UK Investment Security Unit for its acquisition of Oxford Ionics, a British start-up. Other quantum stocks also rallied. SEALSQ up over 17%; Rigetti Computing up over 14%; D-Wave Quantum Inc. up over 7%.
A total number of 871,798 options related to Rigetti Computing were traded on Friday, 9 times higher from the previous trading day, of which call options accounted for 60%. Particularly high volume was seen for the $20 strike call option expiring Sept. 19, with 93,174 contracts trading. The $20 Rigetti strike call option expiring Sept. 19 surged 663% on Friday. $RGTI 20250919 20.0 CALL$
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 -1,764,592 shares of Pfizer stock. The largest bearish delta came from selling calls. The largest delta volume came from the 21-Nov-25 25 Call, with traders getting short 1,637,218 deltas on the single option contract.
Top 10 bullish stocks: PCG, WBD, MO, GM, PLTR, JPM, GOOGL, TSLA, DAL, UBER
Top 10 bearish stocks: PFE, , ORCL, AMD, KVUE, LULU, MU, MSFT, AMZN, INTC, COIN
Source: Market Chameleon
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