To The Moon

On Wall Street, the benchmark S&P 500 and tech-heavy Nasdaq Composite rallied to record closing highs on Wednesday (Apr. 15) as investors were encouraged by corporate earnings and ​hopeful of progress in U.S.-Iran negotiations.

The Nasdaq notched a record finish for the first time since October 29 and briefly touched an intraday record high with boosts from software ‌stocks and the broader technology sector, just 13 trading days after confirming that it was in a correction due to worries about the Middle East war.

Regarding the options market, a total volume of 68,423,161 contracts was traded on Wednesday.

Top 10 Option Volumes

Top 10: $Tesla Motors(TSLA)$, $NVIDIA(NVDA)$, $Microsoft(MSFT)$, $Apple(AAPL)$, $Cboe Volatility Index(VIX)$, $SoFi Technologies Inc.(SOFI)$, $Meta Platforms, Inc.(META)$, $Amazon.com(AMZN)$, $Robinhood(HOOD)$, $Palantir Technologies Inc.(PLTR)$

$Tesla Motors(TSLA)$ stock closed nearly 8% higher on Wednesday at $391.95 per share after CEO Elon Musk touted progress on the company’s forthcoming AI5 chip.

A total number of 6.21 million options related to $Tesla Motors(TSLA)$ were traded on Wednesday, of which call options accounted for 64%. Particularly high volume was seen for the $390 strike call option expiring Apr 15, with 275,994 contracts trading.

$Apple(AAPL)$ shares rose 3% on Wednesday.

A total number of 1.61 million options related to $Apple(AAPL)$ were traded on Wednesday, of which call options accounted for 78%. Particularly high volume was seen for the $265 strike call option expiring Apr 15, with 158,196 contracts trading.

Unusual Options Activity

$Microsoft(MSFT)$ shares have posted a remarkable advance, gaining around 11% over just three trading days—nearly the tech giant’s strongest three-day performance since 2020, according to markets analyst Mike Zaccardi.

A total number of 1.61 million options related to $Microsoft(MSFT)$ were traded on Wednesday, of which call options accounted for 75%. Particularly high volume was seen for the $410 strike call option expiring Apr 15, with 98,380 contracts trading.

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.

Top 10 bullish stocks: $NVIDIA(NVDA)$, $Advanced Micro Devices(AMD)$, $Intel(INTC)$, $Nokia Oyj(NOK)$, $Apple(AAPL)$, $Intuitive Machines(LUNR)$, $Applied Optoelectronics(AAOI)$, $Micron Technology(MU)$, $AST SpaceMobile, Inc.(ASTS)$, $Amazon.com(AMZN)$

Top 10 bearish stocks: $Rigetti Computing(RGTI)$, $Blue Owl Capital Inc.(OWL)$, $SELLAS Life Sciences Group Inc.(SLS)$, $Verizon(VZ)$, $MARA Holdings(MARA)$, $Amkor Technology(AMKR)$, $AMC Entertainment(AMC)$, $Exxon Mobil(XOM)$, $Petroleo Brasileiro SA Petrobras(PBR)$, $Hut 8 Mining Corp(HUT)$

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