Market Overview
U.S. stocks ended sharply higher on Monday (June 29), with the Dow hitting a record closing high, as weekend hostilities between the United States and Iran eased and as major technology-related shares rose following recent selling.
Regarding the options market, a total volume of 62,412,441 contracts was traded, down 8% from the previous trading day.
Top 10 Option Volumes
Top 10: TSLA, NVDA, AMZN, AAPL, MSFT, MU, SPCX, INTC, MSTR, PLTR
Source: Tiger Trade App
Tesla Motors added 8.5% on Monday. CEO Elon Musk posted to social media over the weekend that SpaceX’s Grok 4.5 AI model was “perhaps” better than products from Anthropic. He added that the model was being used by Tesla.
There are 3.87M Tesla option contracts traded on Monday, up 14% from the previous trading day. Call options account for 59% of overall option trades. Particularly high volume was seen for the $410 strike call option expiring June 29, with 186,388 contracts trading. TSLA 20260629 410.0 CALL
SpaceX joined a new index – the Russell 1000 – and the stock rose 7.2%. Shares of Elon Musk’s rocket and AI company have fallen 24% since its closing high on June 16. SpaceX also joins the Nasdaq 100 on July 7.
There are 617.23K spaceX option contracts traded on Monday, down 42% from the previous trading day. Call options account for 69% of overall option trades. Particularly high volume was seen for the $160 strike call option expiring July 2, with 36,978 contracts trading. SPCX 20260702 160.0 CALL
Unusual Options Activity
Source: Market Chameleon
Amazon.com stock rallied 3.2% on Monday, bouncing back after a rough week for shares of the e-commerce and cloud-computing behemoth. Amazon's gains came within a strong day overall for the Magnificent Seven. And shares also climbed 2.5% on Friday to regain some ground after a slide earlier in the week. Overall, Amazon fell 4.8% in last week's trading.
There are 1,461,524 Amazon option contracts traded on Monday, up 69% from the previous trading day. Call options account for 68% of overall option trades. Particularly high volume was seen for the $242.5 strike call option expiring June 29, with 127,343 contracts trading. AMZN 20260629 242.5 CALL
Comcast rose 4.5% after the media and cable provider said it plans to separate into two independent, publicly traded companies through a tax-free spinoff of NBCUniversal and Sky.
There are 192,279 Comcast option contracts traded on Monday, up 491% from the previous trading day. Call options account for 78% of overall option trades. Particularly high volume was seen for the $25 strike call option expiring July 17, with 65,129 contracts trading. CMCSA 20260717 25.0 CALL
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