U.S. stocks closed out the trading week with slight gains on Friday(Dec 5) as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest rate cut next week intact.
Regarding the options market, a total volume of 60,431,981 contracts was traded on Friday.
Top 10 Option Volumes
Source: Tiger Trade App
Netflix fell 2.9% while Warner Bros. Discovery ended the session 6.3% higher. The streaming company said it would buy Warner Bros. for $72 billion after it splits its studios and HBO Max streaming business from its cable networks.
A total number of 1.27M options related to Netflix were traded on Friday, up 165% from the previous trading day, of which call options accounted for 62%. Particularly high volume was seen for the $103 strike call option expiring Dec. 12, with 22,221 contracts trading. $NFLX 20251212 103.0 CALL$
Unusual Options Activity
Source: Market Chameleon
SoFi Technologies Inc. declined 6.2%. The fintech unveiled an offering of $1.5 billion worth of common shares after the bell Thursday, saying it plans to use the net proceeds for general corporate purposes.
A total number of 1.05M options related to SoFi Technologies Inc. were traded on Friday, up 209% from the previous trading day, of which call options accounted for 64%. Particularly high volume was seen for the $30 strike call option expiring Dec. 12, with 44,469 contracts trading. $SOFI 20251212 30.0 CALL$
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 sold a net equivalent of -1,306,234 shares of NVIDIA stock. The largest bearish delta came from selling calls. The largest delta volume came from the 05-Dec-25 182.50 Call, with traders getting short 1,633,795 deltas on the single option contract.
Source: Market Chameleon
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