Market Overview
The S&P 500 and the Nasdaq Composite rose on Monday(Jan 6) to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected.
Regarding the options market, a total volume of 53,967,827 contracts was traded, up 6.5% from the previous trading day.
Top 10 Option Volumes
Top 10: NVDA, TSLA, AMD, MSTR, PLTR, AAPL, fuboTV Inc.; SUPER MICRO COMPUTER INC; Micron Technology, AMZN
Source: Tiger Trade App
FuboTV stock skyrocketed 251% on Monday after the company and Walt Disney agreed to merge their live TV offerings in a deal that could shake up the sports streaming landscape.
There are 659.89K FUBO option contracts traded on Monday, 32 times higher of the previous trading day. Call options account for 75% of overall option trades. Particularly high volume was seen for the $4 strike call option expiring January 10, with 71,784 contracts trading. $FUBO 20250110 4.0 CALL$
Unusual Options Activity
Source: Market Chameleon
Micron shares jumped 10.5% on Monday to close at $99.26. In just three trading sessions this year, the stock has gained 18%, handily outpacing the iShares Semiconductor ETF’s (SOXX) 6% return over the same period. The move Monday came after contract electronics manufacturer Foxconn posted record fourth-quarter revenue driven by booming demand for AI servers, while Microsoft (MSFT) recently announced plans to invest $80 billion in data centers in fiscal 2025 to power AI technology.
Micron Technology Stock jumps 4% on Tuesday’s premarket trading. Nvidia Corp. Chief Executive Officer Jensen Huang introduced the company's newest AI-infused GeForce GPU, the GeForce RTX 50 series, which is part of the RTX Blackwell family. The GPU includes 92B transistors, 4,000 TOPs, 4 petaflops of AI, 380 ray tracing teraflops, 125 shader, and 1.8TB memory from Micron, Huang said.
There are 549.68K MU option contracts traded on Monday, up 173% from the previous trading day. Call options account for 68% of overall option trades. Particularly high volume was seen for the $105 strike call option expiring January 17, with 22,571 contracts trading. $MU 20250117 105.0 CALL$
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 -2,318,486 shares of TSLA stock. The largest bearish delta came from selling calls. The largest delta volume came from the 17-Jan-25 Call, with traders getting short 391,561 deltas on the single option contract.
Top 10 bullish stocks: SMCI, AMZN, MU, PLTR, CCL, META, MSFT, DIS, VZ, ETR
Top 10 bearish stocks: TSLA, GOOGL, F, UBER, C, INTC, GOOG, MRK, AMD, PEP
Source: Market Chameleon
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