Wall Street ended higher on Wednesday(Dec 10), after the Federal Reserve cut interest rates by a quarter percentage point as expected and investors bet on further easing down the road even as the central bank signaled that it will put further cuts on pause for now.
Regarding the options market, a total volume of 46,676,753 contracts was traded on Wednesday.
Top 10 Option Volumes
Source: Tiger Trade App
Palantir gained 3.3% after the software company won a contract with the U.S. Navy to manage the supply chain of a nuclear submarine fleet in the hope of reducing maintenance downtime. The deal, valued at $448 million, is being paid for with money from President Donald Trump's signature spending bill.
A total number of 799.84K options related to Palantir was traded on Wednesday, up 247% from the previous trading day, of which call options accounted for 59%. Particularly high volume was seen for the $190 strike call option expiring Dec. 12, with 66,103 contracts trading. $PLTR 20251212 190.0 CALL$
Unusual Options Activity
Source: Market Chameleon
Oracle missed a slew of Wall Street estimates for sales, operating profit and future cloud-computing contract growth, a sign that corporate spending on its cloud services may be cooling amid broader concerns of a bubble in the artificial intelligence market. Shares of the Austin, Texas-based company were down 13% in overnight trading.
A total number of 643.19K options related to Oracle was traded on Wednesday, up 190% from the previous trading day, of which call options accounted for 65%. Particularly high volume was seen for the $250 strike call option expiring Dec. 12, with 30,485 contracts trading. $ORCL 20251212 250.0 CALL$
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 sold a net equivalent of -885,876 shares of Netflix stock. The largest bearish delta came from selling calls. The largest delta volume came from the 26-Dec-25 95 Put, with traders getting long 126,184 deltas on the single option contract.
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