Market Overview
U.S. stocks ended lower on Tuesday (Aug. 5) as investors weighed the impact of tariffs after Yum Brands (YUM.N), opens new tab and other companies cited trade duties in their results or outlooks.
Regarding the options market, a total volume of 46,509,593 contracts was traded, up 5% from the previous trading day.
Top 10 Option Volumes
Top 10: NVDA, PLTR, TSLA, AMD, AMZN, HIMS, AAPL, INTC, OPEN, UNH
Source: Tiger Trade App
Palantir shares surged nearly 8% on Tuesday, after the company lifted its annual revenue forecast for the second time this year, banking on strong demand for its AI-related services from governments and companies.
There are 1.58 million Palantir option contracts traded on Tuesday, up 48% from the previous trading day. Put options account for 51% of overall option trades. Particularly high volume was seen for the $180 strike call option expiring August 8, with 68,065 contracts trading. PLTR 20250808 180.0 CALL
AMD on Tuesday reported disappointing data center revenue, a segment which includes lucrative artificial intelligence chips that investors are betting on for rapid growth. Shares of the Santa Clara, California-based company slumped 6.3% in extended trading.
Traders have made bets before AMD's earnings. There are 1.03 million option contracts traded on Tuesday, up 112% from the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $180 strike call option expiring August 8, with 40,394 contracts trading. AMD 20250808 180.0 CALL
Unusual Options Activity
Source: Market Chameleon
Online telehealth company Hims & Hers Health missed Wall Street estimates for second-quarter revenue, as it lost subscribers for compounded versions of weight-loss drugs, sending its shares down 12.4% on Tuesday.
There are 610.5K Hims & Hers option contracts traded on Tuesday, up 102% from the previous trading day. Put options account for 53% of overall option trades. Particularly high volume was seen for the $60 strike put option expiring August 8, with 27,178 contracts trading. HIMS 20250808 60.0 PUT
Opendoor Technologies shares slid 24.6% in extended trading on Friday -- paring its recent retail frenzy-driven rally -- after issuing below-consensus guidance for third-quarter revenue, contribution profit and adjusted EBITDA. On top of that, Q2 earnings came in slightly worse than expected.
Traders have made bets before Opendoor's earnings. There are 532.54K option contracts traded on Tuesday, down 14% from the previous trading day. Call options account for 78% of overall option trades. Particularly high volume was seen for the $2.5 strike call option expiring August 8, with 68,750 contracts trading. OPEN 20250808 2.5 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 555,852 shares of Kenvue stock. The largest bullish delta came from buying calls. The largest delta volume came from the 21-Nov-25 23 Call, with traders getting long 446,621 deltas on the single option contract. KVUE 20251121 23.0 CALL
Top 10 bullish stocks: KVUE, ON, BRK.B, UNH, AMCR, PLTR, MTCH, JNJ, LULU, PCG
Top 10 bearish stocks: INTC, GOOG, BAC, MSFT, GOOGL, AMZN, DOW, PARA, COIN; PYPL
Source: Market Chameleon
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