Market Overview

U.S. stocks closed higher on Monday(Jun 16) on hopes a truce was on the horizon between Israel and Iran after days of missile strikes, as Iran called on U.S. President Donald Trump to force a ceasefire in the four-day-old aerial war.

Regarding the options market, a total volume of 44,879,813 contracts was traded.

Top 10 Option Volumes

Source: Tiger Trade App

Advanced Micro Devices jumped 8.8% to $126.39. Analysts at Piper Sandler raised their price target on shares of AMD, an Nvidia rival, to $140 from $125 and maintained their Overweight rating. The company last week introduced its latest artificial-intelligence chips.

There are 1.41M Advanced Micro Devices option contracts traded on Monday, up 124% from the previous trading day. Call options account for 67% of overall option trades. Particularly high volume was seen for the $130 strike call option expiring June 20, with 81,996 contracts trading. $AMD 20250620 130.0 CALL$

Unusual Options Activity

Source: Market Chameleon

Circle Internet Corp. stock soared 13% to all-time high on Monday. Stablecoins are nearing a breakthrough moment, according to Circle CEO Jeremy Allaire, who likens their current state to the early days of the iPhone — full of untapped potential waiting on better infrastructure and developer tools.

There are 223,600 Circle Internet Corp. option contracts traded on Monday, up 45% from the previous trading day. Put options account for 53% of overall option trades. Particularly high volume was seen for the $200 strike call option expiring June 20, with 17,219 contracts trading. $CRCL 20250620 200.0 CALL$

TOP 10 S&P 500 Bullish & Bearish

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 -2,316,840 shares of UnitedHealth stock. The largest bearish delta came from buying puts. The largest delta volume came from the 20-Jun-25 400 Put, with traders getting short 523,166 deltas on the single option contract.

Source: Market Chameleon

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