Option Movers | This Nvidia Call Soars 213% in One Day; Alphabet Sees 67% Call Options

Market Overview

U.S. stocks advanced on Wednesday(May 7) in choppy trading, buoyed as semiconductor stocks rallied late on a report that regulations on artificial intelligence chips would be loosened.

Regarding the options market, a total volume of 42,172,248 contracts was traded.

Top 10 Option Volumes

Top 10: $Nvidia(NVDA)$, $Tesla(TSLA)$, $Apple(AAPL)$, $AMD(AMD)$, $Palantir(PLTR)$, $Alphabet(GOOG)$, $CBOE Volatility Index(VIX)$, $Amazon(AMZN)$, $Super Micro Computer(SMCI)$, $Hims & Hers Health(HIMS)$

$NVIDIA(NVDA)$ shares rose 3% on Wednesday as the Trump administration prepared to rescind what’s known as the “AI diffusion rule,” effectively stopping a set of artificial intelligence chip controls from taking effect later this month. 

There are 2.37 million $NVIDIA(NVDA)$ option contracts traded on Wednesday. Call options account for 66% of overall option trades. Particularly high volume was seen for the $120 strike call option expiring May 9, with 126,863 contracts trading. The $120 strike call option expiring this Friday surged 213% on Wednesday. $NVDA 20250509 120.0 CALL$

$Alphabet(GOOG)$ stock dropped 7.5% on Wednesday after Apple's senior vice president of services, Eddy Cue, revealed that Apple (AAPL) is exploring adding AI search engines such as Perplexity to its default Safari web browser.

There are 759.71K $Alphabet(GOOG)$ option contracts traded on Wednesday. Call options account for 67% of overall option trades. Particularly high volume was seen for the $155 strike call option expiring May 9, with 49,971 contracts trading. $GOOG 20250509 155.0 CALL$

Unusual Options Activity

$Walt Disney(DIS)$ stock soared 11% Wednesday after the company beat Wall Street’s earnings target and unveiled a plan to build a theme park in Abu Dhabi, United Arab Emirates.

There are 319.38K $Walt Disney(DIS)$ option contracts traded on Wednesday. Call options account for 58% of overall option trades. Particularly high volume was seen for the $103 strike call option expiring May 9, with 19,358 contracts trading. $DIS 20250509 103.0 CALL$

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 bought a net equivalent of 710,390 shares of $Hims & Hers Health Inc.(HIMS)$ stock. The largest bullish delta came from buying calls. The largest delta volume came from the 16-May-25 50 Call, with traders getting long 79,192 deltas on the single option contract.

Top 10 bullish stocks: $Hims & Hers Health(HIMS)$, $Kinross Gold(KGC)$, $Nvidia(NVDA)$, $Nexgen Energy(NXE)$, $Disney(DIS)$, $Taseko Mines(TGB)$, $Marqeta(MQ)$, $Arcellx(ACLX)$, $Bank of America(BAC)$, $Plug Power(PLUG)$

Top 10 bearish stocks: $Core Scientific(CORZ)$, $Alphabet(GOOGL)$, $Alphabet(GOOG)$, $Rivian(RIVN)$, $Apple(AAPL)$, $GlaxoSmithKline(GSK)$, $Ambev(ABEV)$, $Cenovus(CVE)$, $Hecla Mining(HL)$, $Robinhood(HOOD)$

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