The S&P 500 closed a choppy session nearly unchanged on Monday(April 28), weighed down by megacaps as investors awaited several catalysts including key economic data and earnings from some of the largest U.S. companies.
Regarding the options market, a total volume of 41,323,336 contracts was traded on Monday, call ratio accounts for 56%.
Top 10 Option Volumes
Top 10: $TSLA(TSLA)$; $NVDA(NVDA)$; $SoFi Technologies Inc.(SOFI)$; $PLTR(PLTR)$; $AAPL(AAPL)$; $INTC(INTC)$; $MSTR(MSTR)$; $AMZN(AMZN)$; $Meta Platforms, Inc.(META)$ ; $AMD(AMD)$
Source: Tiger Trade App
$Nvidia(NVDA)$ was down 2.1% on Monday. Shares fell on a report that Huawei Technologies has developed a new chip called the Ascend 910D, hoping it would be more powerful than Nvidia's H100. The artificial intelligence giant's market in China was already set to shrink after the Trump administration said it would impose license requirements on future sales of its H20 accelerators, which were specifically designed to meet U.S. sanctions on Chinese AI exports.
A total number of 2.41M options related to $Nvidia(NVDA)$was traded, of which 52% were call options. A particularly high volume was seen for the $105 strike put option expiring May 2, with 79,446 contracts trading as of Monday, up 32%. $NVDA 20250502 105.0 PUT$
Source: Tiger Trade App
Unusual Options Activity
Source: Market Chameleon
SoFi Technologies is set to release its first-quarter financial results before Tuesday's opening bell.
A total number of 853.16K options related to $SoFi Technologies Inc.(SOFI)$ was traded, of which 74% were call options. A particularly high volume was seen for the $15 strike call option expiring May 16, with 168,645 contracts trading as of Monday. $SOFI 20250516 15.0 CALL$
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 -882,332 shares of $Tesla Motors(TSLA)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 02-May-25 277.50 Call, with traders getting long 175,570 deltas on the single option contract.
Top 10 bullish stocks: NVDA, CRM, C, APA, CCL, INTC, VST, NEM, AMD, SBUX
Top 10 bearish stocks: TSLA, MSFT, WBA, PLTR, WBD, CVS, VTRS, PM, MRK, WFC
Source: Market Chameleon
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$(NVDA)$ $(TSLA)$ $(SOFI)$
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