Wall Street rallied on Monday (June 23) as Iran didn't close the Strait of Hormuz, a key oil shipping route. Also, prospects of the U.S. Federal Reserve cutting interest rates as early as July contributed to the upbeat mood.

Regarding the options market, a total volume of 48,535,287 contracts was traded on Monday, call ratio accounted for 56%.

Top 10 Option Volumes

Top 10: TSLA; NVDA; AAPL; AMD; HIMS; CRCL; PLTR; SOFI; AMZN; CRWV

Source: Tiger Trade App

Tesla's Model Y robotaxi finally hit the road this weekend, sending shares of the electric vehicle maker up 8% on Monday. The EV giant debuted autonomous rides in Austin, Texas, on Sunday, opening the service to a limited number of riders by invitation only.

Musk told CNBC’s David Faber last month that Tesla aims to have “hundreds of thousands, if not over a million” self-driving cars in the U.S. by the end of next year. In May, Musk first announced plans to launch the service in Austin, with later debuts set for Los Angeles and San Francisco.

A total number of 3.51 million options related to Tesla was traded on Monday, of which call options accounted for 60%. Bullish bets related to Tesla showed big gains. For example, the $350 strike call option expiring this Friday soared 234.6%.

$TSLA 20250627 350.0 CALL$

Source: Tiger Trade App

Unusual Options Activity

Source: Market Chameleon

Circle shares jumped 9.6% on Monday and continued to rise 3% in premarket trading. The move came after Circle announced a strategic partnership with Fiserv.

Circle and Fiserv announced that they will "jointly explore and develop stablecoin-enabled solutions for financial institutions and merchants within the Fiserv ecosystem."

A total number of 527,766 options related to Circle was traded on Monday, 2.2 times higher than the 90-day average trading volume. Based on option delta volume, traders bought a net equivalent of 319,564 shares of stock. The largest bullish delta came from buying calls.

Source: Market Chameleon

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: IQV; ORCL; TSLA; AAPL; HAL; MSFT; BRK.B; INTC; F; WFC

Top 10 bearish stocks: GOOGL; PEP; GOOG; PCG; NVDA; SMCI; OXY; COIN; TFC; NCLH

Source: Market Chameleon

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