The S&P 500 rose 0.6% Monday(Mar 31), while still posting its worst month and quarter since 2022. The Nasdaq 100 was little changed. The Dow Jones Industrial Average added 1%.

Regarding the options market, a total volume of 47,417,651 contracts was traded on Monday.

Top 10 Option Volumes

Top 10: NVDA; TSLA; AAPL; Amazon.com ; PLTR; Meta Platforms, Inc. ; Strategy ; AMD; Intel ; Microsoft

Source: Tiger Trade App

Intel Corp. Chief Executive Officer Lip-Bu Tan said the chipmaker will spin off assets that aren’t central to its mission and create new products including custom semiconductors to try to better align itself with customers. Intel needs to replace the engineering talent it has lost, improve its balance sheet and better attune manufacturing processes to meet the needs of potential customers, Tan said. Speaking at his first public appearance as CEO, at the Intel Vision conference Monday in Las Vegas, Tan didn’t specify what parts of Intel he believes are no longer central to its future.

A total number of 319.14K options related to Intel was traded on Monday, of which 69% were call options. A particularly high trading volume was seen for the $23 strike call option expiring April 4, with a total number of 14,591 option contracts traded as of Monday. $INTC 20250404 23.0 CALL$

Unusual Options Activity

Source: Market Chameleon

Gold's latest quarterly gains now seriously rival the rise seen in 1986, the year of the Chernobyl disaster. The comparison is powerful, yet it pales against the performance of gold miners, which could keep gaining, according to Wall Street analysts. The most active Gold futures contract rose 19.3% for the first quarter after settling at $3150.30 on Monday, marking its best performance since the third quarter of 1986 when it gained 24%. Gold has now hit 18 closing highs in 2025.

A total number of 447,435 options related to SPDR Gold Shares was traded on Monday, of which 56% were call options. A particularly high trading volume was seen for the $270 strike put option expiring April 17, with a total number of 11,578 option contracts traded as of Monday. $GLD 20250417 270.0 PUT$

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 -2,439,130 shares of KVUE stock. The largest bearish delta came from selling calls. The largest delta volume came from the 19-Sep-25 25 Call, with traders getting short 2,420,028 deltas on the single option contract.

Source: Market Chameleon

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