Market Overview

U.S. stocks rallied on Wednesday(Mar. 19) after the Federal Reserve kept rates unchanged as widely expected, and the central bank and investors continue to gauge how President Donald Trump's tariff policies affect the economy and inflation.

Regarding the options market, a total volume of 44,454,329 contracts was traded.

Top 10 Option Volumes

Top 10: Nvidia, Tesla, Apple, Intel, Broadcom, Strategy, Meta, Amazon, Palantir, AMD

Shares of Tesla Motors rallied 5% on Wednesday. California late Tuesday gave Tesla approval to use its electric cars to drive its own employees. The move is seen by bulls as a step toward a robotaxi launch.

Chief Executive Elon Musk's company received the green light on Tuesday from the California Public Utilities Commission for a transportation charter-party carrier permit. That gives Tesla the ability to transport employees in company-owned vehicles before potentially later transporting members of the public.

There are 2.28 million Tesla Motors option contracts traded on Wednesday. Put options account for 52% of overall option trades. Particularly high volume was seen for the $230 strike put option expiring Mar. 21, with 131,795 contracts trading. $TSLA 20250321 230.0 PUT$

Intel fell 7% on Wednesday.

There are 669.78K Intel option contracts traded on Wednesday. Call options account for 66% of overall option trades. Particularly high volume was seen for the $25 strike call option expiring Mar. 28, with 63,284 contracts trading. $INTC 20250328 25.0 CALL$

Unusual Options Activity

PDD Holdings Inc has announced it will release its unaudited financial results for Q4 and fiscal year 2024 on March 20, 2025.

There are 182.11K PDD Holdings Inc option contracts traded on Wednesday. Call options account for 57% of overall option trades. Particularly high volume was seen for the $150 strike call option expiring Apr 17, 2025, with 11,173 contracts trading. $PDD 20250417 150.0 CALL$

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 3,336,616 shares of NVIDIA stock. The largest bullish delta came from buying calls. The largest delta volume came from the 21-Mar-25 Put, with traders getting long 834,295 deltas on the single option contract.

Top 10 bullish stocks: Huya, Nvidia, Tesla, Robinhood, Plug Power, Nu Holdings, Freeport-McMoRan, TSMC, Tiger Brokers, Palantir

Top 10 bearish stocks: Philip Morris, Rigetti Computing, Vodafone, MARA Holdings, Quantum Computing, Lucid, Ford, Petroleo Brasileiro, Citigroup, Pinterest

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