The S&P 500 edged higher to eke out a record high close for a sixth straight session on Monday(Jul 28), while the Nasdaq also advanced to a closing record in choppy trade as investors gauged the U.S.-EU trade pact and prepared for a week of major market catalysts.
Regarding the options market, a total volume of 42,389,593 contracts was traded on Monday.
Top 10 Option Volumes
Top 10: Tesla; Nvidia; AMD; SUPER MICRO COMPUTER INC; Palantir; Intel; SoFi Technologies Inc.; Opendoor; Amazon; Apple
Source: Tiger Trade App
SoFi Technologies Inc. will release its second quarter earnings report before the US stock market opens on July 29.
A total number of 487.13K options related to SoFi Technologies Inc. was traded on Monday, up 88% from the previous trading day, of which call options accounted for 54%. Particularly high volume was seen for the $21 strike call option expiring Aug 1, with 28,120 contracts trading.
Unusual Options Activity
Source: Market Chameleon
SUPER MICRO COMPUTER INC rose 10% to breach the $60 level on Monday. SMCI has been trending higher in recent months, showing renewed bullish momentum as anticipation builds for its upcoming fiscal Q4 earnings report, scheduled for August 5.
A total number of 871.65K options related to SUPER MICRO COMPUTER INC was traded on Monday, up 123% from the previous trading day, of which call options accounted for 78%. Particularly high volume was seen for the $60 strike call option expiring Aug 1, with 76,215 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 sold a net equivalent of -750,219 shares of Intel stock. The largest bearish delta came from selling calls. The largest delta volume came from the 08-Aug-25 21 Put, with traders getting short 147,615 deltas on the single option contract.
Top 10 bullish stocks: SMCI, AVGO, NVDA, UPS, TSLA, CSX, DOW, GE, PYPL, NDAQ
Top 10 bearish stocks:INTC, CMG, F, GOOG, GOOGL, PLTR, KO, CVS, PFE, PG
Source: Market Chameleon
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