Market Overview

The S&P 500 and the Nasdaq scored record closing highs on Tuesday(Aug 12), as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.

Regarding the options market, a total volume of 52,401,984 contracts was traded.

Top 10 Option Volumes

Source: Tiger Trade App

Meta Platforms, Inc. stock is nearing a $2 trillion market cap, fueled by a strong rally following its Q2 earnings report. The stock recently surpassed its previous high of $737 and reached an all-time peak of $790 yesterday.

There are 472,98K Meta Platforms, Inc. option contracts traded on Tuesday, up 114% from the previous trading day. Call options account for 69% of overall option trades. Particularly high volume was seen for the $800 strike call option expiring August 15, with 65,538 contracts trading. $META 20250815 800.0 CALL$

Unusual Options Activity

Source: Market Chameleon

BigBear.ai dropped 16% after the artificial-intelligence software provider reportednegative second-quarter adjusted earnings before interest, taxes, depreciation, and amortizationof $8.5 million, compared with year-earlier negative Ebitda of $3.7 million. Revenue of $32.5 million missed consensus estimates for $40.6 million. BigBear.ai also cut its 2025 revenue outlook to a range of $125 million to $140 million, below its previous range of $160 million to $180 million. The company said it has “seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army.”

There are 472,98K BigBear.ai option contracts traded on Tuesday, up 78% from the previous trading day. Call options account for 62% of overall option trades. Particularly high volume was seen for the $7 strike put option expiring August 15, with 40,749 contracts trading. $BBAI 20250815 7.0 PUT$

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 844,948 shares of Lululemon Athletica stock. The largest bullish delta came from selling puts. The largest delta volume came from the 15-Aug-25 230 Put, with traders getting long 450,000 deltas on the single option contract.

Top 10 bullish stocks: LULU, ACN, ABNB, META, TGT, PSKY, C, SMCI, PLTR, HPE

Top 10 bearish stocks: IBM, WMT, NVDA, INTC, DAL, AMD, TID, PYPL, BAC, PG

Source: Market Chameleon

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