U.S. stocks rebounded on Wednesday (Nov. 5) as jitters over inflated tech stock valuations abated and upbeat earnings and better-than-expected economic data fueled investors' risk appetite.

Regarding the options market, a total volume of 53,520,484 contracts was traded on Wednesday.

Top 10 Option Volumes

Top 10: NVIDIA, Tesla Motors, Advanced Micro Devices, Palantir Technologies Inc., Strive, Meta Platforms, Inc., Rivian Automotive, Inc., SUPER MICRO COMPUTER INC, Cboe Volatility Index, Apple

Tesla Motors stock rose 4% on Wednesday ahead of Thursday’s storm —in other words, the electric-vehicle maker’s annual shareholder meeting.

The move came after Chinese EV maker XPeng Inc. hosted a Tesla-like AI day, where it detailed plans to build artificial-intelligence trained humanoid robots and self-driving taxis.

A total number of 1.92 million options related to Tesla Motors was traded on Wednesday, of which call options accounted for 65%. Particularly high volume was seen for the $450 strike call option expiring Nov. 7, with 63,515 contracts trading. $TSLA 20251107 450.0 CALL$

Asset management firm Strive rose 17% on Wednesday after the company announced on Wednesday the pricing of its upsized initial public offering of 2 million shares of Variable Rate Series A Perpetual Preferred Stock at $80 per share, representing a 750,000 share increase from its previously announced amount.

A total number of 718.36K options related to Strive were traded on Wednesday, of which call options accounted for 98%. Particularly high volume was seen for the $1.5 strike call option expiring Oct 16, 2026, with 90,275 contracts trading. $ASST 20261016 1.5 CALL$

Unusual Options Activity

Unity Software Inc. stock surged 18% on Wednesday after the gaming company reported third quarter earnings that beat estimates.

A total number of 302.87K options related to Unity Software Inc. were traded on Wednesday, of which call options accounted for 71%. Particularly high volume was seen for the $30 strike call option expiring Jan 16, 2026, with 75,322 contracts trading. $U 20260116 30.0 CALL$

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 857,288 shares of Palantir Technologies Inc. stock. The largest bullish delta came from buying calls. The largest delta volume came from the 20-Feb-26 160 Call, with traders getting long 716,381 deltas on the single option contract.

Top 10 bullish stocks: Unity Software Inc., Sunrun, IREN Ltd, Palantir Technologies Inc., Cipher Mining Inc., Rivian Automotive, Inc., Peloton Interactive, Inc., SolarEdge, Kimberly-Clark, Micron Technology

Top 10 bearish stocks: Cameco, Pinterest, Inc., Petroleo Brasileiro SA Petrobras, Pfizer, Evolus Inc., NIO Inc., SUPER MICRO COMPUTER INC, Galaxy Digital Holdings Ltd., Day One Biopharmaceuticals Inc., Uber

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