Wall Street advanced on Friday(April 25), notching weekly gains as investors parsed a spate of earnings and looked for signs of easing tensions in the U.S.-China trade dispute.

Regarding the options market, a total volume of 56,281,011 contracts was traded on Friday, up 20% from the previous trading day, call ratio accounts for 59%.

Top 10 Option Volumes

Top 10: TSLA; NVDA; PLTR; MSTR; AAPL; INTC; AMZN; Meta Platforms, Inc. ; AMD; Alphabet

Source: Tiger Trade App

Tesla gained 9.8%. Transportation Secretary Sean Duffy unveiled a new framework for self-driving cars Thursday afternoon, saying it would "slash red tape and move us closer to a single national standard that spurs innovation and prioritizes safety." This is good news for Tesla, which plans to launch a self-driving cab service in Texas in June and begin producing a Cybercab robotaxi next year.

A total number of 6.1M options related to Tesla was traded, up 171% from the previous trading day, of which 56% were call options.

Unusual Options Activity

Source: Market Chameleon

Strategy jumped 5% on Friday as Bitcoin reaches $95,000, first time since February 24.

A total number of 1.08M options related to Strategy was traded, of which 72% were call options. A particularly high volume was seen for the $392.5 strike call option expiring May 2, with 39,895 contracts trading as of last Friday. $MSTR 20250502 392.5 CALL$

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 sold a net equivalent of -800,103 shares of Ford stock. The largest bearish delta came from buying puts. The largest delta volume came from the 20-Jun-25 9.02 Put, with traders getting short 517,320 deltas on the single option contract.

Top 10 bullish stocks: NVDA, PLTR, AAPL, PARA, MRK, AMD, PYPL, EW, SMCI, AVGO

Top 10 bearish stocks:F, PFE, NKE, TSLA, LUV, GOOGL, META, KVUE, INTC, UNH

Source: Market Chameleon

If you are interested in options and you want to:

• Share experiences and ideas on options trading.

• Read options-related market updates/insights.

• Learn more about options trading if you are a beginner in this field.

Please click to join Tiger Options Club