All three major U.S. stock indexes registered record closing highs for a third straight session on Monday (Sep 22), led by gains in technology shares, with Nvidia gaining after it said it will invest up to $100 billion in OpenAI.
Regarding the options market, a total volume of 64,182,366 contracts was traded on Monday, call ratio accounted for 64%.
Top 10 Option Volumes
Top 10: NVDA; AAPL; TSLA; OPEN; INTC; AMZN; AMD; SNAP; ORCL; PLTR
Source: Tiger Trade App
Nvidia shares rose nearly 4% on Monday. The chip maker said that it intends to support OpenAI’s next-generation AI infrastructure for training and running upcoming models by providing at least 10 gigawatts of its systems. That translates to millions of its chips, according to the company.
Nvidia will invest up to $100 billion in the AI startup as its systems are rolled out, including for data-center and power capacity, it said. The investment will be made progressively following the deployment of each gigawatt.
A total number of 4.45 million options related to Nvidia was traded on Monday, of which 74% were call options. A particularly high volume was seen for the $185 strike call options expiring this Friday, with a total number of 413,583 contracts trading on Monday.
Source: Market Chameleon
Unusual Options Activity
Source: Market Chameleon
Shares of Apple posted a choppy first-half performance in 2025, but the launch of the new iPhone 17 may have helped turn the its fortunes around as the new phones spark an upgrade cycle. Apple’s stock has rallied nearly 12% in the last month and rose as much as 4% Monday.
The rally comes as iPhone 17 models have hit stores and as orders are beginning to ship. According to Bank of America analyst Wamsi Mohan, iPhone 17 ship dates are more extended than they were for last year’s iPhone 16, indicating that demand is outpacing Apple’s initial supply. In a Monday note, Mohan pointed out that ship dates for the iPhone 17 are the most extended in China, likely driven by a 15% government subsidy and regulatory delays for the iPhone Air.
A total number of 2,465,537 options related to Apple was traded on Monday, 2.4 times higher than the 90-day average trading volume. Bullish bets related to AAPL showed big gains. For example, the $255 strike call option expiring this Friday soared 718%.
Source: Tiger Trade App
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.
Top 10 bullish stocks: AAPL; ORCL; CMCSA; HOOD; DELL; TTD; AMD; STX; WBD; SMCI
Top 10 bearish stocks: NVDA; TSLA; PLTR; F; COIN; UPS; PFE; CMG; BA; GIS
Source: Market Chameleon
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