Option Movers｜NVDA Sees 75% Call Options; MRNA Volume Surges 257%
Market Overview
U.S. stocks tumbled on Tuesday(Jan. 7) after a batch of upbeat economic data raised concerns that an inflation rebound could slow down the Federal Reserve's pace of monetary policy easing.
Regarding the options market, a total volume of 50,489,898 contracts was traded on Tuesday.
Top 10 Option Volumes
Top 10: $NVDA(NVDA)$, $TSLA(TSLA)$, $PLTR(PLTR)$, $Micron Technology(MU)$, $AAPL(AAPL)$, $fuboTV Inc.(FUBO)$, $MSTR(MSTR)$, $AMD(AMD)$, $AMZN(AMZN)$, $Meta Platforms, Inc.(META)$
Source: Tiger Trade App
$NVIDIA(NVDA)$ fell 6.2% to $140.14 on Tuesday. The artificial-intelligence chip maker unveiled its next-generation gaming graphic cards late Monday at the CES tech trade show in Las Vegas but CEO Jensen Huang provided relatively few details about the company's most lucrative business -- providing chips to train and run AI models -- apart from noting the company's Blackwell AI processors were in full production.
There are 6.73M NVDA option contracts traded on Tuesday, up 17% from the previous trading day. Call options account for 75% of overall option trades. Particularly high volume was seen for the $150 strike call option expiring January 10, with 337,899 contracts trading. $NVDA 20250110 150.0 CALL$
Unusual Options Activity
Source: Market Chameleon
$Moderna(MRNA)$ gained 12% after the first bird flu death was reported in the U.S. Moderna is one of a few drug companies currently developing a vaccine for the H5N1 bird flu, which is spreading rapidly through farms and wild animals in North America. As of Monday, there have been 66 confirmed human cases of H5N1 bird flu in the U.S. since 2024, according to the Centers for Disease Control and Prevention.
There are 268,669 MRNA option contracts traded on Tuesday, up 257% from the previous trading day. Call options account for 78% of overall option trades. Particularly high volume was seen for the $50 strike call option expiring January 17, with 26,595 contracts trading. $MRNA 20250117 50.0 CALL$
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 sold a net equivalent of -15,130,180 shares of NVDA stock. The largest bearish delta came from selling calls. The largest delta volume came from the 17-Jan-25 Call, with traders getting short 7,896,226 deltas on the single option contract.
Top 10 bullish stocks: MRNA, PFE, C, FIS, KO, PG, PEP, ON, CVS, MRK
Top 10 bearish stocks: NVDA, AMD, GOOGL, PLTR, WBD, GOOG, F, UBER, TSLA, META
Source: Market Chameleon
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