Wall Street ended lower on Thursday (Mar 19), with declines in Micron Technology and Tesla, as worries about inflation stemming from soaring oil prices left investors pessimistic about the potential for future interest rate cuts.
Regarding the options market, a total volume of 70,059,869 contracts was traded on Thursday.
Top 10 Option Volumes
Top 10: NVIDIA, Tesla Motors, Micron Technology, Cboe Volatility Index, Meta Platforms, Inc., Microsoft, Apple, Alibaba, Strategy, Amazon.com
Tesla Motors stock fell 3% on Thursday.
A total number of 2.52 million options related to Tesla Motors were traded on Thursday, of which put options accounted for 52%. Particularly high volume was seen for the $380 strike put option expiring Mar 20, with 111,851 contracts trading. For example, the $380 strike put option expiring this Friday soared 144%. $TSLA 20260320 380.0 PUT$
Alibaba stock fell 7% Thursday after the Chinese tech giant reported fiscal third-quarter revenue below expectations and a sharp drop in earnings. The rising costs of Alibaba's expansion into food delivery overshadowed the momentum for its AI offerings.
A total number of 666.98K options related to Alibaba were traded on Thursday, of which put options accounted for 65%. Particularly high volume was seen for the $150 strike put option expiring Mar 20, with 70,358 contracts trading. $BABA 20260320 150.0 PUT$
Unusual Options Activity
Shares of Micron Technology fell 4% on Thursday.
A total number of 1.06 million options related to Micron Technology were traded on Thursday, of which call options accounted for 55%. Particularly high volume was seen for the $450 strike call option expiring Mar 20, with 49,664 contracts trading. $MU 20260320 450.0 CALL$
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.
Top 10 bullish stocks: NVIDIA, Broadcom, Tesla Motors, BellRing Brands, Inc., Micron Technology, Alphabet, Hecla Mining, Beyond Meat, Inc., Meta Platforms, Inc., Hims & Hers Health Inc.
Top 10 bearish stocks: Nordic American Tankers, Occidental, Chipotle Mexican Grill, Strategy, Devon, Barrick Mining Corporation, Amazon.com, iPath Series B S&P 500 VIX Short-Term Futures ETN, Vistance Networks, Inc., AES Corp
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