U.S. stocks closed mixed with the Dow out front on Tuesday (Oct 21), as a string of solid earnings lured investors to industrials and capital goods.
Regarding the options market, a total volume of 53,675,917 contracts was traded on Tuesday, call ratio accounted for 60%.
Top 10 Option Volumes
Top 10: BYND; NVDA; AAPL; AMZN; TSLA; AMD; PLTR; GOOG; SOFI; GM
Source: Tiger Trade App
Tesla will release its Q3 2025 results after the market closes on Wednesday, Oct 22. Tesla's Q3 revenue is expected to be $26.37 billion, up 4.7% YoY. Earnings per share is expected to be $0.543, down 24.52% YoY, according to data from Tiger Trade App.
Source: Tiger Trade App
Market sentiment for Tesla stock is quite bearish before earnings report. Based on option delta volume, traders sold a net equivalent of -310,822 shares of Tesla stock as of Oct 21.
Source: Market Chameleon
Unusual Options Activity
Source: Market Chameleon
Shares of Beyond Meat soared more than 146% to $3.62 on Tuesday after the U.S. plant-based meat maker announced plans to expand distribution into Walmart stores.
Beyond Meat said some of its products, including its "Beyond Burger 6-pack" and "Beyond Chicken Pieces," will be available in 2,000 Walmart stores nationwide.
A total number of 2.53 million options related to Beyond Meat was traded on Tuesday, of which 75% were call options. Call options related to BYND showed huge gains on Tuesday. For example, the $3 strike call option expiring Oct 24 soared 522%.
Source: Tiger Trade App
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: GM; HAL; AAPL; MSFT; WBD; F; CCL; KO; TTD; LULU
Top 10 bearish stocks: TSLA; HOOD; T; CVS; FCX; PFE; PSKY; WFC; HOLX; JPM
Source: Market Chameleon
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