Market Overview
The S&P 500 and Nasdaq reached record closing highs on Monday(June 30), capping their best quarter in over a year as hopes for trade deals and possible rate cuts eased investor uncertainty.
Regarding the options market, a total volume of 47,716,967 contracts was traded.
Top 10 Option Volumes
Top 10: $Nvidia(NVDA)$, $Apple(AAPL)$, $Robinhood(HOOD)$, $Tesla(TSLA)$, $SoFi(SOFI)$, $Palantir(PLTR)$, $Strategy(MSTR)$, $Amazon(AMZN)$, $AMD(AMD)$, $Meta(META)$
$Robinhood(HOOD)$ stock climbed nearly 13% to an all-time high Monday after the company rolled out tokenized shares of OpenAI and SpaceX to users in Europe as part of a larger crypto rollout.
There are 1.32 million $Robinhood(HOOD)$ option contracts traded on Monday. Call options account for 75% of overall option trades. Particularly high volume was seen for the $90 strike call option expiring Jul. 3, with 92,420 contracts trading. The $90 strike call option expiring Jul. 3 surged 731% on Monday. $HOOD 20250703 90.0 CALL$
$Apple(AAPL)$ rose 2% on Monday.
There are 1.64 million $Apple(AAPL)$ option contracts traded on Monday. Call options account for 78% of overall option trades. Particularly high volume was seen for the $205 strike call option expiring Jul. 3, with 141,670 contracts trading. $AAPL 20250703 205.0 CALL$
Unusual Options Activity
$BigBear.ai Holdings(BBAI)$ stock rose 16% on Monday thanks to excitement surrounding defense technology stocks. The company's share price is up 63% over the last month.
There are 372.40K $BigBear.ai Holdings(BBAI)$ option contracts traded on Monday. Call options account for 78% of overall option trades. Particularly high volume was seen for the $7 strike call option expiring Jul. 3, 2025, with 34,055 contracts trading. $BBAI 20250703 7.0 CALL$
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 -6,508,952 shares of $CoreWeave, Inc.(CRWV)$ stock. The largest bearish delta came from selling calls. The largest delta volume came from the 18-Jul-25 105 Call, with traders getting short 1,172,496 deltas on the single option contract.
Top 10 bullish stocks: $HUYA(HUYA)$, $BigBear.ai(BBAI)$, $Cipher Mining(CIFR)$, $Plug Power(PLUG)$, $Bit Digital(BTBT)$, $Robinhood(HOOD)$, $SoundHound AI(SOUN)$, $Novo Nordisk(NVO)$, $Warner Bros Discovery(WBD)$, $Oracle(ORCL)$
Top 10 bearish stocks: $CoreWeave(CRWV)$, $Lucid(LCID)$, $Apple(AAPL)$, $Scorpio Tankers(STNG)$, $Alphabet(GOOGL)$, $Bank of America(BAC)$, $Microsoft(MSFT)$, $Sonoco(SON)$, $Peloton(PTON)$, $AMD(AMD)$
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$(NVDA)$ $(AAPL)$ $(HOOD)$ $(TSLA)$ $(SOFI)$ $(PLTR)$ $(MSTR)$ $(AMZN)$ $(AMD)$ $(META)$
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