U.S. stocks closed solidly in positive territory on Tuesday(April 29), after seesawing between modest gains and losses in choppy trading as investors assessed the latest round of corporate earnings, economic data and changes on the trade policy front.

Regarding the options market, a total volume of 38,410,412 contracts was traded on Tuesday, call ratio accounts for 56%.

Top 10 Option Volumes

Top 10: TSLA; NVDA; SoFi Technologies Inc.; Snap Inc ; PLTR; Hims & Hers Health Inc. ; AAPL; AMZN; MSTR; Pfizer

Source: Tiger Trade App

Snap Inc said it will not issue a second-quarter financial forecast citing economic uncertainty, as U.S. tariffs threaten to disrupt the global economy and digital advertising budgets, sending its shares down 13.8% in premarket trading on Wednesday.

A total number of 643.2K options related to Snap Inc was traded, 3 times higher than the previous trading day, of which 73% were call options. A particularly high volume was seen for the $11 strike call option expiring May 16, with 188,963 contracts trading as of Tuesday. $SNAP 20250516 11.0 CALL$

Unusual Options Activity

Source: Market Chameleon

Hims & Hers stock rose 23% on Tuesday. Novo Nordisk said on Tuesday it was partnering with telehealth firms Hims & Hers, Ro and LifeMD to sell branded versions of Wegovy, ahead of potential restrictions on selling compounded versions of the obesity drug.

A total number of 448K options related to Hims & Hers was traded, 2 times higher than the previous trading day, of which 64% were call options. A particularly high volume was seen for the $40 strike call option expiring May 2, with 24,796 contracts trading as of Tuesday. $HIMS 20250502 40.0 CALL$

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 -386,026 shares of Nike stock. The largest bearish delta came from buying puts. The largest delta volume came from the 15-Aug-25 60 Put, with traders getting short 189,352 deltas on the single option contract.

Top 10 bullish stocks: NVDA, NCLH, AMCR, FCX, MSFT, AMZN, GEHC, WFC, F, UBER,

Top 10 bearish stocks: NKE, TSLA, AAPL, LUV, MOS, PFE, GM, FSLR, PLTR, INTC

Source: Market Chameleon

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