Wall Street edged higher on Friday (Mar 21) after U.S. President Donald Trump hinted he would be flexible regarding a new round of tariffs expected to be imposed early next month.

Regarding the options market, a total volume of 50,221,644 contracts was traded on Friday.

Top 10 Option Volumes

Top 10: TSLA; NVDA; AAPL; PLTR; META; MSTR; MU; AMZN; NIO; SMCI

Source: Tiger Trade App

Tesla stock surged 5.27% to $248.71 on Friday. Tesla is aiming to build 5,000 of its Optimus humanoid robots this year, CEO Elon Musk said at a meeting where he also urged staff to hold on to their shares of the company amid a selloff in the stock.

Musk said Tesla now has enough parts to build 10,000 to 12,000 robots this year, but since it's a new product, the goal is to make 5,000 this year. It hopes to reach 50,000 units next year, he added. At the meeting last Thursday, Musk also urged employees to not sell their shares of the automaker.

Individual investors have been net buyers of Tesla shares for 13 straight sessions through Thursday, pumping $8 billion into the stock, retail trading data from JPMorgan Chase’s global equity derivatives strategist Emma Wu shows. That’s the biggest inflow over any buying streak since 2015, which is as far back as the data goes.

A total number of 3.66 million options related to Tesla was traded on Friday, of which 51% were call options. Market sentiment for Tesla is quite bullish based on option delta volume, traders bought a net equivalent of 2,108,148 shares of stock.

Source: Market Chameleon

Unusual Options Activity

Source: Market Chameleon

Micron shares slid 8% on Friday. Micron was the second-worst-performing stock on the S&P 500 on Friday, after positive earnings results met expectations but several analysts expressed concern about lower profits in the chip maker's core memory business.

Micron reported better-than-expected fiscal second-quarter earnings. But on the company's call with analysts, management discussed issues with the core memory business - including startup costs for a new dynamic random access memory chip plant in Idaho - that led some analysts to lower earnings estimates or downgrade the stock.

A total number of 657,846 options related to Micron was traded on Friday, 2.9 times higher than the 90-day average trading volume. Market sentiment for Micron is quite bullish based on option delta volume, traders sold a net equivalent of 846,411 shares of stock.

Source: Market Chameleon

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.

Top 10 bullish stocks: TSLA; SMCI; PLTR; AMD; JPM; AAPL; CSCO; BA; BF.B; KVUE

Top 10 bearish stocks: INTC; AMZN; AMCR; NVDA; MU; F; FCX; PFE; NKE; GOOG

Source: Market Chameleon

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