Market Overview

U.S. stocks rebounded last Friday(Mar. 14) as investors hunted for bargains at the end of a tumultuous week in which President Donald Trump's escalating trade war fueled recession fears and doused risk appetite.

Regarding the options market, a total volume of 56,294,317 contracts was traded.

Top 10 Option Volumes

Top 10: Nvidia, Tesla, Apple, CBOE Volatility Index, Strategy, Palantir, Intel, Amazon, D-Wave Quantum, Super Micro Computer

NVIDIA rose 5% on Friday after Foxconn, formally known as Hon Hai Precision Industry, projected higher artificial intelligence sales in its fourth-quarter results, potentially benefitting Nvidia stock.

Foxconn, an Apple partner, expects first-quarter AI server revenue to double from both a year ago and from the prior quarter, signaling a strong demand for AI chips.

Investors await Nvidia's AI developers' conference on March 17. Nvidia plans to roll out Blackwell Ultra and Rubin — its next generation chip — at the event.

There are 5.06 million NVIDIA option contracts traded on Friday. Call options account for 66% of overall option trades. Particularly high volume was seen for the $120 strike call option expiring Mar. 14, with 322,078 contracts trading.

Strategy rose 13% on Friday.

There are 1.03 million Strategy option contracts traded on Friday. Call options account for 65% of overall option trades. Particularly high volume was seen for the $300 strike call option expiring Mar. 14, with 57,098 contracts trading.

Unusual Options Activity

Quantum computing stocks are back in the spotlight, with D-Wave Quantum Inc. surging nearly 47% on Friday following its latest earnings report and groundbreaking technological advancements. With strong Q4 results and promising Q1 guidance, QBTS is quickly becoming a major player in the quantum computing space. Benchmark analyst David Wiliams has reaffirmed his Buy rating, citing robust hardware sales and growing adoption.

There are 550.88K D-Wave Quantum Inc. option contracts traded on Friday, up 200% from the previous trading day. Call options account for 68% of overall option trades. Particularly high volume was seen for the $10 strike call option expiring Mar. 14, 2025, with 29,368 contracts trading.

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.

Based on option delta volume, traders bought a net equivalent of 5,784,920 shares of NVIDIA stock. The largest bullish delta came from buying calls. The largest delta volume came from the 14-Mar-25 Put, with traders getting long 2,188,012 deltas on the single option contract.

Top 10 bullish stocks: Nvidia, Palantir, Rigetti Computing, Merck, Freeport-McMoRan, Vale, Robinhood, D-Wave Quantum, Apple, Strategy

Top 10 bearish stocks: Tesla, SoFi Technologies, Kohl's, Ford, Energy Transfer, Capri Holdings, Nexgen Energy, Oracle, Exxon Mobil, Riot Platforms

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