Wall Street stocks ended sharply lower on Friday(Mar 28), with selloffs in Amazon, Microsoft and other technology heavyweights, after U.S. data stoked fears of weak economic growth and high inflation as the Trump administration ratchets up tariffs.

Regarding the options market, a total volume of 56,325,520 contracts was traded on Friday, up 23% from the previous trading day.

Top 10 Option Volumes

Top 10: NVDA; TSLA; Strategy ; AAPL; PLTR; Amazon.com ; Meta Platforms, Inc. ; AMD; SUPER MICRO COMPUTER INC ; GME

Crypto shares slid in Friday trading as Bitcoin dipped below $84,000. Strategy slumped 11%.

A total number of 971.77K options related to Strategy was traded on Friday, up 115% from the previous trading day, of which 58% were call options. A particularly high trading volume was seen for the $370 strike call option expiring April 4, with a total number of 48,719 option contracts traded as of Friday. $MSTR 20250404 370.0 CALL$

Unusual Options Activity

Wolfspeed cratered 52%. The maker of EV chips said it "maintains constructive dialogue with the White House, its legislators, and the U.S. Department of Commerce to secure federal funding and on ways Wolfspeed can support the Trump administration's efforts to reinforce U.S. industrial leadership in semiconductors." The Triangle Business Journal, according to a report from Dow Jones Newswires, said interim Executive Chairman Thomas Werner told reporters that a $750 million funding agreement secured by the company likely will evolve "because the company has evolved and because the chip office is different, there's a new administration."

A total number of 344,772 options related to Wolfspeed Inc. was traded on Friday, 14 times higher than the previous trading day, of which 61% were put options. A particularly high trading volume was seen for the $3 strike put option expiring April 4, with a total number of 29,197 option contracts traded as of Friday. $WOLF 20250404 3.0 PUT$

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 bought a net equivalent of 692,656 shares of NVDA stock. The largest bullish delta came from selling puts. The largest delta volume came from the 28-Mar-25 110 Call, with traders getting short 936,567 deltas on the single option contract.

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