Market Overview

U.S. stock indexes closed higher on Tuesday(June 3), helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on Washington's tariff plans.

Regarding the options market, a total volume of 42,551,492 contracts was traded.

Top 10 Option Volumes

Top 10: Nvidia, Tesla, Palantir, CoreWeave, Apple, Robinhood, Hims & Hers Health, CBOE Volatility Index, AMD, Amazon

NVIDIA stock closed up 2.8% as the largest U.S. company by market value on Tuesday.

The latest gains put Nvidia above Microsoft for the No. 1 spot in U.S. stock market capitalization. Nvidia’s market cap is now $3.45 trillion versus Microsoft’s $3.44 trillion.

There are 2.95 million NVIDIA option contracts traded on Tuesday. Call options account for 62% of overall option trades. Particularly high volume was seen for the $140 strike call option expiring June 6, with 114,629 contracts trading. $NVDA 20250606 140.0 CALL$

Shares in AI darling CoreWeave, Inc. soared 25% on Tuesday, one day after the cloud computing provider and NVIDIA partner signed a long-term data center leasing deal with APPLIED DIGITAL CORP.

There are 656.54K CoreWeave, Inc. option contracts traded on Tuesday. Call options account for 61% of overall option trades. Particularly high volume was seen for the $150 strike call option expiring June 6, with 28,698 contracts trading. The $150 strike call option expiring this Friday surged 1720% on Tuesday. $CRWV 20250606 150.0 CALL$

Unusual Options Activity

Hims & Hers Health Inc. stock fell 4% on Tuesday after the telehealth platform announced the pending acquisition of ZAVA, a European digital health platform.

There are 492.65K Hims & Hers Health Inc. option contracts traded on Tuesday. Call options account for 68% of overall option trades. Particularly high volume was seen for the $60 strike call option expiring June 6, with 35,079 contracts trading. $HIMS 20250606 60.0 CALL$

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 492,849 shares of NVIDIA stock. The largest bearish delta came from selling calls. The largest delta volume came from the 06-Jun-25 142 Call, with traders getting short 240,128 deltas on the single option contract.

Top 10 bullish stocks: Nvidia, Strategy, Apple, Applied Digital, Palantir, Endeavour Silver, Bank Bradesco, Eos Energy Enterprises, Core Scientific, Super Micro Computer

Top 10 bearish stocks: Petroleo Brasileiro, CoreWeave, Taseko Mines, Lucid, Mara Holdings, GameStop, Alphabet, Rivian, Grab, Intel

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