U.S. stocks closed near the unchanged mark on Thursday (Dec. 4), as investors weighed a report on the labor market and other economic data, while equities drew support from elevated hopes for a Federal Reserve interest-rate cut next week.
Regarding the options market, a total volume of 56,321,839 contracts was traded on Thursday.
Top 10 Option Volumes
Top 10: NVIDIA, Tesla Motors, Meta Platforms, Inc., Apple, Intel, Amazon.com, Bank of America, Cboe Volatility Index, Palantir Technologies Inc., Netflix
Meta Platforms, Inc. shares popped about 3% higher on Thursday after Bloomberg reported that CEO Mark Zuckerberg was looking to make significant cuts to the company’s metaverse resources.
A total number of 953.20K options related to Meta Platforms, Inc. were traded on Thursday, of which call options accounted for 66%. Particularly high volume was seen for the $670 strike call option expiring Dec. 5, with 50,448 contracts trading. For example, the $670 strike Meta call options expiring December 5 rocketed 1073% on Thursday. $META 20251205 670.0 CALL$
Shares of Intel fell 7% on Thursday.
A total number of 757.34K options related to Intel were traded on Thursday, of which call options accounted for 66%. Particularly high volume was seen for the $50 strike call option expiring Mar. 20, 2026 with 57,386 contracts trading. $INTC 20260320 50.0 CALL$
Unusual Options Activity
Investors are hammering Snowflake's stock despite quarterly results that topped analysts' expectations on the top and bottom lines.
Shares of Snowflake were down over 11% on Thursday, a day after the cloud data analytics company issued a disappointing margin forecast.
A total number of 286.91K options related to Snowflake were traded on Thursday, of which call options accounted for 63%. Particularly high volume was seen for the $250 strike call option expiring Dec. 5, with 12,667 contracts trading. $SNOW 20251205 250.0 CALL$
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 1,545,414 shares of Tesla Motors stock. The largest bullish delta came from buying calls. The largest delta volume came from the 05-Dec-25 420 Call, with traders getting long 1,246,795 deltas on the single option contract.
Top 10 bullish stocks: Tesla Motors, CoreWeave, Inc., NuScale Power, Rigetti Computing, D-Wave Quantum Inc., Nu Holdings Ltd., AST SpaceMobile, Inc., UiPath, Cipher Mining Inc., General Motors
Top 10 bearish stocks: NIO Inc., Intel, Apple, Microsoft, Amazon.com, SEALSQ Corp, Beyond Meat, Inc., Strategy, Clover Health Corp, Alphabet
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