Wall Street's main indexes finished higher in choppy trading on Wednesday(Mar 5), as investors cheered the likely easing of trade tensions between the U.S. and major trading partners.

Regarding the options market, a total volume of 49,407,860 contracts was traded on Wednesday.

Top 10 Option Volumes

Top 10: NVDA; TSLA; Cboe Volatility Index ; AAPL; MSTR; PLTR; Intel; Alibaba ; AMZN; Ford

Source: Tiger Trade App

Alibaba jumped 8% on Wednesday after Beijing set an ambitious economic growth target and vowed more support for domestic consumption and the tech industry as a trade war with the United States heats up.

A total number of 496.3K options related to Alibaba was traded on Wednesday, up 77% from the previous trading day, of which 68% were call options. A particularly high trading volume was seen for the $140 strike call option expiring Mar 7 2025, with a total number of 23,416 option contracts traded as of Wednesday. $BABA 20250307 140.0 CALL$

Unusual Options Activity

Source: Market Chameleon

Marvell Technology forecast first-quarter revenue in line with Wall Street estimates on Wednesday, but its shares plunged 14% in extended trading as it failed to excite investors who expected sharper AI-driven growth.

A total number of 203,763 options related to Marvell Technology was traded on Wednesday, up 110% from the previous trading day, of which 64% were call options. A particularly high trading volume was seen for the $100 strike call option expiring Mar 7 2025, with a total number of 9,127 option contracts traded as of Wednesday. $MRVL 20250307 100.0 CALL$

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 879,056 shares of TSLA stock. The largest bullish delta came from buying calls. The largest delta volume came from the 07-Mar-25 Put, with traders getting long 347,605 deltas on the single option contract.

Top 10 bullish stocks: TSLA, PFE, T, F, INTC, PLTR, GM, JNJ, AVGO, WFC

Top 10 bearish stocks: AMZN, WBA, NVDA, BAC, C, AMD, AAPL, WMB, KO, SLB

Source: Market Chameleon

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