Market Overview

Wall Street's stock indexes ended lower on Thursday (June 5) in choppy trade as a slump in Tesla shares offset news of progress in tariff talks between U.S. President Donald Trump and Chinese leader Xi Jinping.

Regarding the options market, a total volume of 57,333,107 contracts was traded.

Top 10 Option Volumes

Top 10: Tesla, Nvidia, Palantir, Apple, Amazon, Bank of America, CoreWeave, Robinhood, Strategy, CBOE Volatility Index

Shares of Tesla Motors fell 14% on Thursday as President Donald Trump threatened to pull government contracts for CEO Elon Musk’s companies, escalating a war of words over the spending bill.

There are 7.34 million Tesla Motors option contracts traded on Thursday, up 243% compared with the previous trading day. Put options account for 55% of overall option trades. Particularly high volume was seen for the $300 strike put option expiring June 6, with 241,535 contracts trading. The $300 strike put option expiring this Friday surged 6025% on Thursday. $TSLA 20250606 300.0 PUT$

Palantir Technologies Inc. shares dropped 8% on Thursday.

There are 1.19 million Palantir Technologies Inc. option contracts traded on Thursday. Call options account for 58% of overall option trades. Particularly high volume was seen for the $135 strike call option expiring June 6, with 43,478 contracts trading. $PLTR 20250606 135.0 CALL$

Unusual Options Activity

Shares of CoreWeave, Inc. fell 17% on Thursday.

CoreWeave stock's sharp drop isn't really being driven by specific news from today; rather, it's a retreat from the stock's recent massive run-up. The stock was up nearly 50% this week before Thursday's fall after the company announced several catalysts.

There are 744.54K CoreWeave, Inc. option contracts traded on Thursday. Call options account for 66% of overall option trades. Particularly high volume was seen for the $80 strike call option expiring June 20, 2025, with 52,014 contracts trading. $CRWV 20250620 80.0 CALL$

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 659,120 shares of NVIDIA stock. The largest bearish delta came from selling calls. The largest delta volume came from the 27-Jun-25 145 Put, with traders getting long 304,269 deltas on the single option contract.

Top 10 bullish stocks: JetBlue, Nvidia, AST SpaceMobile, Nebius, Lowe's, TeraWulf, Rivian, BigBear.ai, Petroleo Brasileiro, Exxon Mobil

Top 10 bearish stocks: Vodafone Group, Tesla, Applied Digital, Robinhood, AMD, CoreWeave, Strategy, Vera Therapeutics, Hecla Mining, Uber

If you are interested in options and you want to:

• Share experiences and ideas on options trading.

• Read options-related market updates/insights.

• Learn more about options trading if you are a beginner in this field.

Please click to join Tiger Options Club