The S&P 500 and Nasdaq Composite ended little changed on Friday (July 18), overcoming a brief dip triggered by a Financial Times report indicating U.S. President Donald Trump was pushing for steep new tariffs on European Union products.

Regarding the options market, a total volume of 50,684,718 contracts was traded on Friday, call ratio accounted for 62%.

Top 10 Option Volumes

Top 10: TSLA; NVDA; MSTR; OPEN; HOOD; AAPL; COIN; VIX; AMD; MARA

Source: Tiger Trade App

Tesla stock rose 3.2% on Friday. One thing that helped was a recent legal settlement over a 2019 accident where a Tesla Model 3 with the company's driver assistance features engaged allegedly failed to avoid a collision in Florida. Tesla's driver assistance systems require drivers to stay engaged 100% of the time. The end of the trail removes a small overhang for Tesla stock.

Shares of Tesla continued to rise over 1% in premarket trading on Monday. Musk states that the company's Full Self-Driving system will undergo improvements as the EV giant integrates Robotaxi upgrades into its production models.

A total number of 3.23 million options related to Tesla was traded on Friday, up 71% from the previous trading day. Tesla showed bearish sentiment despite the share price rally. Based on option delta volume, traders sold a net equivalent of 1 million deltas. Put/Call open interest ratio expiring July 25 stood at 1.19.

Source: OptionCharts

Unusual Options Activity

Source: Market Chameleon

Coinbase stock notched an all-time high on Friday as it quickly rose almost 6% to $444 after markets opened. It dipped later in the day, closing Friday up 2.2%.

The cryptocurrency market pushed past $4 trillion for the first time. Crypto briefly soared after Congress passed a landmark bill for digital assets.

On Thursday, the House passed three pieces of crypto legislation. Two bills went to the Senate for a further vote. The third, which regulates stablecoins, or cryptocurrencies pegged to underlying assets like the U.S. dollar, had already passed in the Senate and went to the White House. On Friday afternoon, President Donald Trump signed the bill, called the Genius Act, into law.

A total number of 950,544 options related to Coinbase was traded on Friday, 3.5 times higher than the 90-day average trading volume. Coinbase showed bullish sentiment after the share price rally. Based on option delta volume, traders bought a net equivalent of 575,628 shares of stock. The largest bullish delta came from buying calls.

This can indicate that option traders are playing the upward momentum and believe that there is even more upside to come.

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: AMCR; NVDA; COIN; DELL; EQT; JPM; MMM; ABT; SLB; CMG

Top 10 bearish stocks: TSLA; PCG; AAPL; XOM; PLTR; UNH; INTC; GOOG; AMD; META

Source: Market Chameleon