US Stock Options | Tesla trading volume falls, Apple rebounds! BABA-SWR, NIO continue to be heavily bought
The hottest contract overnight: Over 110,000 contracts of Cisco with an expiration date of January 19th and a strike price of $47.5 were traded! The total volume of Cisco options also skyrocketed to around 300,000 contracts overnight, with call options accounting for 90.5%. Nearly 95,000 contracts of Tesla with an expiration date of January 5th and a strike price of $250 were also traded.
Overnight, the tech stocks dragged down the Nasdaq, with Apple experiencing its worst decline in five months, and Chinese concept stocks plummeting.
Overview of US Stock Options Trading
The top ten US stock options trading on that day were: Tesla, Apple, NVIDIA, AMD, Amazon, Marathon Digital, Microsoft, Pfizer, Alibaba, and Meta.
Among them:
Tesla slightly declined, with options trading falling to 1.67 million contracts, and bullish options accounting for 56.6%. Nearly 95,000 contracts of bullish options with a strike price of $250 and nearly 80,000 contracts of bullish options with strike prices of $255 and $260 were traded, all expiring on January 5th.
Apple fell nearly 4%, with options trading at 1.37 million contracts, and bullish options accounting for 56.5%. Over 90,000 contracts of bullish options with a strike price of $187.5 were traded.
NVIDIA fell nearly 3%, with options trading at 860,000 contracts, and bullish options accounting for 60%. Nearly 50,000 contracts of bullish options with a strike price of $500 were traded.
AMD fell 6%, with options trading at 610,000 contracts, and bullish options accounting for 60%.
Amazon and Marathon Digital had options trading of over 400,000 contracts, with bullish options dominating.
Alibaba fell over 3%, with options trading at 335,000 contracts, and bullish options accounting for 68.7%.
NIO fell over 7%, with options trading at 300,000 contracts, and bullish options accounting for 63%.
Cisco slightly declined, with options trading skyrocketing to around 300,000 contracts, and bullish options accounting for 90.5%. Over 110,000 contracts of bullish options with a strike price of $47.5 and expiring on January 19th were traded, making it the most popular contract of the day.
