Market Overview

Wall Street ended higher on Monday(Jan 5), with surging financial shares helping lift the Dow Jones Industrial Average to an all-time peak, while energy firms jumped after a U.S. military strike captured Venezuelan President Nicolas Maduro.

Regarding the options market, a total volume of 55,750,410 contracts was traded.

Top 10 Option Volumes

Source: Tiger Trade App

SoFi Technologies Inc. shares closed up 6.6% at $29.28 on Monday, with volume topping 73 million shares. In an SEC filing, SoFi said it completed the issuance and sale of shares purchased under an underwriters’ option — a standard feature of a public offering that allows banks to buy extra stock — bringing the total number of shares sold to 57,754,660 at $27.50 apiece. The underwriters exercised the option on Jan. 2 and the company completed the additional issuance on Jan. 5, the filing showed.

There are 613.66K SoFi option contracts traded on Monday, up 29% from the previous trading day. Call options account for 70% of overall option trades. Particularly high volume was seen for the $30 strike call option expiring January 9, 2026, with 27,609 contracts trading. $SOFI 20260109 30.0 CALL$

Unusual Options Activity

Source: Market Chameleon

iShares Silver Trust advanced 5% on Monday, with investors weighing heightened geopolitical risks following the US capture of Venezuelan leader Nicolás Maduro.

There are 1.68M SoFi option contracts traded on Monday, up 24% from the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $70 strike call option expiring January 16, 2026, with 73,302 contracts trading. $SLV 20260116 70.0 CALL$

TOP 10 S&P 500 Bullish & Bearish

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 939,659 shares of Tesla Motors stock. The largest bullish delta came from buying calls. The largest delta volume came from the 09-Jan-26 455 Call, with traders getting long 592,511 deltas on the single option contract.

Source: Market Chameleon

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