Market Overview
Wall Street's main indexes closed roughly flat on Monday(Aug 18), after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve's annual symposium in Jackson Hole.
Regarding the options market, a total volume of 42,476,938 contracts was traded.
Top 10 Option Volumes
Source: Tiger Trade App
Opendoor Technologies Inc surged 19% on Monday after the company announced that CEO Carrie Wheeler will step down. Shares have rebounded 63% last week.
There are 1.31M Opendoor Technologies Inc option contracts traded on Monday. Call options account for 77% of overall option trades. Particularly high volume was seen for the $4 strike call option expiring August 22, with 146,659 contracts trading. $OPEN 20250822 4.0 CALL$
Unusual Options Activity
Source: Market Chameleon
APPLIED DIGITAL CORP stock soared 19% on Monday after announcing plans to break ground in September 2025 on Polaris Forge 2, a $3 billion, 280-megawatt AI data center near Harwood, North Dakota.
There are 236,509 APPLIED DIGITAL CORP option contracts traded on Monday. Call options account for 72% of overall option trades. Particularly high volume was seen for the $16 strike call option expiring August 22, with 17,276 contracts trading. $APLD 20250822 16.0 CALL$
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 499,924 shares of Cisco stock. The largest bullish delta came from selling puts. The largest delta volume came from the 21-Nov-25 62.50 Put, with traders getting long 549,245 deltas on the single option contract.
Top 10 bullish stocks: CSCO, TTD, NVDA, CVS, META, FSLR, TSLA, AVGO, ABBV, MDT
Top 10 bearish stocks: PG, F, AAPL, UBER, PLTR, AMD, KO, BMY, BA, WFC
Source: Market Chameleon
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