Market Overview

U.S. stocks finished higher on Friday (Mar. 7), rebounding from early declines after Federal Reserve Chair Jerome Powell said the economy was "in a good place," but uncertainty about U.S. trade policy led to Wall Street's biggest weekly decline in months.

Regarding the options market, a total volume of 34,328,292 contracts was traded, up 14% from the previous trading day.

Top 10 Option Volumes

Top 10: NVDA, TSLA, MSTR, AVGO, AAPL, AMZN, PLTR, VIX, META, AMD

Source: Tiger Trade App

Nvidia shares gained 1.9% on Friday. Investors looked to be taking heart from the chip maker’s peer Broadcom which injected some life into the artificial-intelligence trade with a strong earnings report. 

There are 5.42 million Nvidia option contracts traded on Friday, up 30% from the previous trading day. Call options account for 62% of overall option trades. Particularly high volume was seen for the $112 strike call option expiring March 7, with 260,733 contracts trading.

Strategy shares sank 5.6% on Friday. Cryptocurrency prices fell as volatility in prices continued after an executive order signed by President Donald Trump to create a U.S. strategic bitcoin reserve disappointed investors. U.S. President Donald Trump wooed the cryptocurrency industry's elite at the White House on Friday, hosting a first-of-its-kind summit focused on his plans for a government-owned stockpile of digital assets.

There are 1.18 million Strategy option contracts traded on Friday, up 53% from the previous trading day. Call options account for 66% of overall option trades. Particularly high volume was seen for the $360 strike call option expiring March 7, with 58,072 contracts trading.

Unusual Options Activity

Source: Market Chameleon

Broadcom shares jumped 8.6% on Friday after the chipmaker assuaged investor worries about artificial intelligence infrastructure demand with a strong second-quarter forecast.

There are 1.09 million Broadcom option contracts traded on Friday, up 69% from the previous trading day. Call options account for 62% of overall option trades. Particularly high volume was seen for the $195 strike call option expiring March 7, with 65,347 contracts trading.

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 513,678 shares of Palantir stock. The largest bearish delta came from selling calls. The largest delta volume came from the 07-Mar-25 Put, with traders getting long 264,430 deltas on the single option contract.

Top 10 bullish stocks: PLTR, WMT, MRNA, VZ, DAL, BAC, MCD, C, WDC, PEG

Top 10 bearish stocks: NVDA, TSLA, INTC, AMZN, PARA, AMD, GOOGL, MSFT, F; WBA

Source: Market Chameleon

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