The Nasdaq Composite fell more than 1% on Monday (Feb 24), with big technology stocks creating the biggest drag as investors worried about demand for technology supporting artificial intelligence while they waited for results from market heavyweight Nvidia.

Regarding the options market, a total volume of 50,318,000 contracts was traded on Monday.

Top 10 Option Volumes

Top 10: NVDA; TSLA; PLTR; AAPL; BABA; SMCI; AMZN; INTC; MSFT; MSTR

Source: Tiger Trade App

Alibaba shares closed down 10% on Monday as President Donald Trump’s latest executive order stirred fears about deepening trade tensions between the US and China.

However, shares rebounded 4% in premarket trading on Tuesday as mainland traders came to the rescue, helping to trim losses driven by concern over US President Donald Trump’s move to limit investments between the world’s two largest economies.

“I think this is one of those times when it’s an obvious time to buy stocks without even having to do calculations,” said Zhuang Jiapeng, a fund manager at Shenzhen JM Capital Co. “This is not the time to let go of positions in China tech.”

A total number of 718.91K options related to Alibaba was traded on Monday, 2.4 times higher than the 90-day average trading volume. A particularly high trading volume was seen for the $140 strike call option expiring this Friday.

$BABA 20250228 140.0 CALL$

Source: Market Chameleon

Unusual Options Activity

Source: Market Chameleon

Berkshire Hathaway's class B shares hit record high at $498.42 on Monday after posting record Q4 profit.

Berkshire Hathaway on Saturday reported a massive surge in fourth-quarter earnings from its operating businesses, driven in large part by insurance, while its cash holdings swelled to record levels.

The Warren Buffett-led conglomerate said its operating profit — which encompasses earnings from the company’s wholly owned businesses — skyrocketed 71% to $14.527 billion during the final three months of 2024. That was led by a whopping 302% jump in insurance underwriting from the year-earlier period to $3.409 billion. Insurance investment income also ballooned by nearly 50% to $4.088 billion.

A total number of 77,147 options related to Berkshire Hathaway's class B shares was traded, of which 60% were call options. Bullish options related to Berkshire saw big gains on Monday. For example, the $495 strike call option expiring this Friday soared 811.25%.

$BRK.B 20250228 495.0 CALL$

Source: Tiger Trade App

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: F; TSLA; MO; AAPL; NEM; BAX; KVUE; MRK; PYPL; KO

Top 10 bearish stocks: PFE; AMD; AMZN; PLTR; META; GOOGL; SMCI; VZ; TJX; JNJ

Source: Market Chameleon

Based on option delta volume, traders bought a net equivalent of 1,198,650 shares of Ford stock. The largest delta volume came from the 28-Feb-25 Call, with traders getting long 371,467 deltas on the single option contract.

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