Option Movers | Alphabet's $300 call Shows High Open Interest; Alibaba Sees Bullish Sentiment

Option_Movers
11-17

Wall Street stocks ended mixed on Friday (Nov. 14) as investors looked ahead to Nvidia's quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December.

Regarding the options market, a total volume of 65,740,934 contracts was traded on Friday, call ratio accounted for 57%.

Top 10 Option Volumes

Top 10: $Tesla(TSLA)$; $Nvidia(NVDA)$; $Palantir(PLTR)$; $Apple(AAPL)$; $AMD(AMD)$; $Strategy(MSTR)$; $Meta Platforms(META)$; $SoFi Technologies(SOFI)$; $Amazon(AMZN)$; $Alibaba(BABA)$

Source: Tiger Trade AppSource: Tiger Trade App

Alphabet's shares rose over 5% in premarket trading. Warren Buffett’s Berkshire Hathaway has built a $4.3bn stake in $Alphabet(GOOGL)$, in what could be one of the conglomerate’s final new stock positions under the legendary investor as he nears retirement at the end of this year.

The new stake in Google’s parent company is Berkshire’s tenth-largest stock holding and somewhat of a deviation from Buffett’s philosophy of opting for long-term, buy-and-hold value stocks over high-growth companies.

A total number of 57,757 options related to $Alphabet(GOOGL)$ was traded on Monday, of which 64% were call options. A particularly high open interest was seen for the $300 strike call options expiring this Friday, with a total number of 20,615 unclosed options as of Friday.

Source: Market ChameleonSource: Market Chameleon

Unusual Options Activity

Source: Market ChameleonSource: Market Chameleon

$Alibaba(BABA)$’s U.S.-listed shares up over 3% in premarket trading. Alibaba Group launched the public beta of its new Qwen App on Monday, marking its strongest push yet into the consumer artificial intelligence market.

The app is powered by the company’s latest Qwen3 model and is intended to bring its AI capabilities directly to everyday users. The Qwen App is now available for free in China on iOS, Android, web, and PC platforms. It will serve as the main consumer interface for the company’s flagship Qwen series of models, the company said in a statement.

A total number of 611,396 options related to $Alibaba(BABA)$ was traded on Friday, of which 50% were call options. Market sentiment for Alibaba stock is quite bullish on Friday. Based on option delta volume, traders bought a net equivalent of 255,414 shares of Alibaba stock.

Source: Market ChameleonSource: Market Chameleon

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: $NVDA(NVDA)$; $HOOD(HOOD)$; $ORCL(ORCL)$; $AAPL(AAPL)$; $MU(MU)$; $CSCO(CSCO)$; $COIN(COIN)$; $SMCI(SMCI)$; $BAC(BAC)$; $PLTR(PLTR)$

Top 10 bearish stocks: $PFE(PFE)$; $AMZN(AMZN)$; $HPQ(HPQ)$; $TSLA(TSLA)$; $PYPL(PYPL)$; $ALB(ALB)$; $BMY(BMY)$; $MSFT(MSFT)$; $UNH(UNH)$; $PM(PM)$

Source: Market ChameleonSource: Market Chameleon

If you are interested in options and you want to:

  • Share experiences and ideas on options trading.

  • Read options-related market updates/insights.

  • Learn more about options trading if you are a beginner in this field.

Please click to join Tiger Options Club

$(GOOG)$ $(GOOGL)$ $(BABA)$
Is Google Done Rallying? Bet on AI Flywheel or Sell Into the Hype?
Google lost 1% as Nvidia rebounded on Wednesday. With 68% gain YTD, is Alphabet's rally done this year? Would you take some profit or keep holding for its AI flywheel?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
10