Market Overview

The Dow rose more ​than 1% ​to a record closing high on Thursday (July 2) ahead of the long holiday weekend as a softer-than-expected U.S. jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the ‌Nasdaq.

Regarding the options market, a total volume of 75,751,719 contracts was traded, up 19% from the previous trading day.

Top 10 Option Volumes

Top 10: TSLA, NVDA, AAPL, MU, INTC, PLTR, MSTR, SPCX, AMZN, MSFT

Source: Tiger Trade App

Tesla Motors fell 7.49% to $393.45 on Thursday. Elon Musk’s electric-vehicle maker delivered 480,126 vehicles in the second quarter, well above Wall Street’s expectation of around 406,000. Investors appeared to be selling the good news after shares closed higher in four straight trading sessions ahead of the announcement.

There are 4.59M Tesla option contracts traded on Thursday, up 45% from the previous trading day following Q2 delivery print. Call options account for 56% of overall option trades. Particularly high volume was seen for the $390 strike put option expiring July 2, with 237,525 contracts trading. TSLA 20260702 390.0 PUT

Strategy advanced 7.9% on Thursday after the company announced a new capital framework as the price of Bitcoin rebounded. The stock's rise was supported by Bitcoin's price climbing back above $61,000. Additionally, investors reacted positively to the company's new Digital Credit Capital Framework, approved by its board on June 29, 2026. 

There are 831.66K Strategy option contracts traded on Thursday, up 30% from the previous trading day. Call options account for 66% of overall option trades, reflecting strong bullish sentiment. Particularly high volume was seen for the $105 strike call option expiring July 2, with 35,044 contracts trading. MSTR 20260702 105.0 CALL

Unusual Options Activity

Source: Market Chameleon

Apple shares rose 4.8% on Thursday after reports it plans an aggressive launch of at least five new iPhone models and has increased production targets for its first foldable device.

There are 2,388,353 Apple option contracts traded on Thursday, up 95% from the previous trading day on plans for five new iPhone models. Call options account for 58% of overall option trades. Particularly high volume was seen for the $310 strike call option expiring July 2, with 196,566 contracts trading. AAPL 20260702 310.0 CALL

Shares of financial services company Robinhood jumped 3.76% after the company unveiled its new 'Robinhood Chain' blockchain platform and a suite of crypto and AI-powered products at a company event, prompting positive reactions from analysts. 

There are 634,241 Robinhood option contracts traded on Thursday, up 69% from the previous trading day. Call options account for 72% of overall option trades, reflecting strong bullish sentiment. Particularly high volume was seen for the $120 strike call option expiring July 2, with 57,933 contracts trading. HOOD 20260702 120.0 CALL

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