The S&P 500 and the Nasdaq closed higher on Monday (Nov. 3), with artificial intelligence-related deals driving much of the gains even as the Federal Reserve's near-term monetary policy grew increasingly foggy due to scarcity of official U.S. economic data.
Regarding the options market, a total volume of 51,715,870 contracts was traded on Monday.
Top 10 Option Volumes
Top 10: NVIDIA, Tesla Motors, Amazon.com, Palantir Technologies Inc., Meta Platforms, Inc., Apple, Beyond Meat, Inc., SoFi Technologies Inc., Cboe Volatility Index, Grab Holdings
Amazon.com stock rallied 4% on Monday, after announcing a $38 billion cloud deal with ChatGPT creator OpenAI.
A total number of 1.24 million options related to Amazon.com were traded on Monday, of which call options accounted for 67%. Particularly high volume was seen for the $260 strike call option expiring Nov. 7, with 78,415 contracts trading. For example, the $260 strike call option expiring Nov. 7 soared 184%. $AMZN 20251107 260.0 CALL$
NVIDIA stock climbs 2% on Monday as U.S. approves chip sale to the UAE under Microsoft deal.
A total number of 2.48 million options related to NVIDIA were traded on Monday, of which call options accounted for 63%. Particularly high volume was seen for the $210 strike call option expiring Nov. 7, with 201,588 contracts trading. $NVDA 20251107 210.0 CALL$
Unusual Options Activity
Shares of Beyond Meat, Inc. fell 16% Monday after the company delayed its third-quarter financial results.
The plant-based meat maker will now report earnings after the market closes on Nov. 11. Beyond Meat said it delayed its results because it needs more time to calculate a material noncash impairment charge related to certain long-lived assets.
A total number of 520.61K options related to Beyond Meat, Inc. were traded on Monday, of which call options accounted for 56%. Particularly high volume was seen for the $1 strike put option expiring Nov. 7, with 61,070 contracts trading. $BYND 20251107 1.0 PUT$
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 691,975 shares of Tesla Motors stock. The largest bullish delta came from buying calls. The largest delta volume came from the 07-Nov-25 470 Call, with traders getting long 221,864 deltas on the single option contract.
Top 10 bullish stocks: Tesla Motors, Lumen Technologies, Bloom Energy Corp, SoFi Technologies Inc., Kenvue Inc, American Airlines, AT&T Inc, Pfizer, The Kraft Heinz Company, Intel
Top 10 bearish stocks: Archer Aviation Inc., Beyond Meat, Inc., MARA Holdings, Quantumscape Corp., Hims & Hers Health Inc., Rigetti Computing, NEBIUS, fuboTV Inc., BitMine Immersion Technologies Inc., UnitedHealth
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