Market Overview
U.S. stocks closed lower on Tuesday (Apr. 21), with early gains evaporating as renewed concerns about the Middle East war outweighed initial optimism over a round of solid corporate earnings.
Regarding the options market, a total volume of 58,194,803 contracts was traded, up 5% from the previous trading day.
Top 10 Option Volumes
Top 10: NVDA, TSLA, AAPL, MSFT, AMZN, BYND, NFLX, AMD, VIX, ORCL
Source: Tiger Trade App
Apple shares dropped 2.5% on Tuesday after the company said CEO Tim Cook would hand over the reins to longtime hardware boss John Ternus.
There are 1.14 million Apple option contracts traded on Tuesday, down 19% from the previous trading day. Call options account for 63% of overall option trades. Particularly high volume was seen for the $265 strike put option expiring April 22, with 65,591 contracts trading. AAPL 20260422 265.0 PUT
Beyond Meat shares pulled back 9.9% on Tuesday. The meat-alternatives company soared more than 41% on Monday thanks to meme-stock momentum and the company's recent move into new product categories.
There are 644.46K Beyond Meat option contracts traded on Tuesday, up 45% from the previous trading day. Call options account for 88% of overall option trades. Particularly high volume was seen for the $1.5 strike call option expiring April 24, with 103,329 contracts trading. BYND 20260424 1.5 CALL
Unusual Options Activity
Source: Market Chameleon
UnitedHealth shares jumped almost 7% on Tuesday after the healthcare conglomerate raised its annual profit forecast and beat Wall Street expectations for the first quarter.
There are 402.77 UnitedHealth option contracts traded on Tuesday, up 117% from the previous trading day. Call options account for 65% of overall option trades. Particularly high volume was seen for the $360 strike call option expiring April 24, with 21,173 contracts trading. UNH 20260424 360.0 CALL
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