Option Movers｜Amazon Sees 65% Call Options; Microsoft's Volume Surges 45%
Market Overview
U.S. stocks tumbled on Friday(Mar 27), with each of the three major U.S. indexes closing at their lowest levels in over seven months and the Dow confirming it was in correction territory as the month-long Middle East war continued to suppress risk appetite.
Regarding the options market, a total volume of 67,943,156 contracts was traded, up 18% from the previous trading day.
Top 10 Option Volumes
Source: Tiger Trade App
$Amazon.com(AMZN)$ shares slid 3.9% to $199.34 by late Friday, ranking among the S&P 500’s biggest drags as traders pulled back from megacap tech and consumer-discretionary names—those tied to non-essential spending—in a move away from risk. Amazon dropped 4% during the session, according to Reuters, contributing to consumer discretionary finishing as the day’s weakest major sector.
There are 925.61K $Amazon.com(AMZN)$ option contracts traded on Friday. Call options account for 65% of overall option trades. Particularly high volume was seen for the $225 strike call option expiring Jun 18, 2026, with 25,681 contracts trading. $AMZN 20260618 225.0 CALL$
Unusual Options Activity
Source: Market Chameleon
$Microsoft(MSFT)$ shares fell 2.5% on Friday after an analyst note said the tech giant’s 365 Copilot offering has “disappointed” and isn’t being embraced as quickly as anticipated.
There are 1.45 million $Microsoft(MSFT)$ option contracts traded on Friday, up 45% from the previous trading day. Call options account for 66% of overall option trades. Particularly high volume was seen for the $575 strike call option expiring Dec 18, 2026, with 200,129 contracts trading. $MSFT 20261218 575.0 CALL$
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