U.S. stocks ended in negative territory on Thursday(October 9) as investors, left with no economic data or any sentiment-swaying catalysts, took the opportunity to consolidate ahead of the third-quarter earnings season.
Regarding the options market, a total volume of 64,607,786 contracts was traded on Thursday.
Top 10 Option Volumes
Top 10: Nvidia; Tesla; AMD; Amazon; Apple; Palantir; Tilray Inc.; Opendoor; Intel; Cboe Volatility Index
NVIDIA stock surged to a record high on Thursday after the U.S. government gave final clearance for the company to export several billion dollars in AI chips to the United Arab Emirates.
A total number of 3.67 million options related to NVIDIA were traded on Thursday, of which call options accounted for 63%. Particularly high volume was seen for the $195 strike call option expiring Oct. 10, with 357,775 contracts trading. $NVDA 20251010 195.0 CALL$
Shares of Tilray Inc. rose sharply during Thursday's session after the company reported better-than-expected first-quarter financial results.
Tilray Brands posted adjusted earnings of $0.00 per share, beating market expectations of a loss of $0.02 per share. The company's sales came in at $209.501 million versus estimates of $204.549 million.
A total number of 660.98K options related to Tilray Inc. were traded on Thursday, of which call options accounted for 88%. Particularly high volume was seen for the $2 strike call option expiring Oct. 10, with 88,027 contracts trading. $TLRY 20251010 2.0 CALL$
Unusual Options Activity
UiPath shares soared 19% on Thursday.
According to Fortune, UiPath is shifting from traditional Robotic Process Automation (RPA) to "agentic" automation, embedding AI agents for complex tasks and strengthening its platform through strategic collaborations, including a ChatGPT connector with OpenAI.
A total number of 450.82K options related to UiPath were traded on Thursday, 14 times higher than the 90-day average trading volume, of which call options accounted for 86%. Particularly high volume was seen for the $16 strike call option expiring Dec. 19, with 14,132 contracts trading. $PATH 20251219 16.0 CALL$
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 731,422 shares of Rigetti Computing stock. The largest bullish delta came from buying calls. The largest delta volume came from the 31-Oct-25 45 Call, with traders getting long 189,999 deltas on the single option contract.
Top 10 bullish stocks: Quantum Computing Inc.; Lyft, Inc.; Core Scientific, Inc.; Rigetti Computing; Strategy; SEALSQ Corp; POET Technologies Inc; cleveland-cliffs; IREN Ltd; Quantumscape Corp.
Top 10 bearish stocks: Strive; AppLovin Corporation; Tilray Inc.; Apple; JD.com; GoodRx Holdings, Inc.; MARA Holdings; Opendoor Technologies Inc; Amazon.com; The Kraft Heinz Company
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