U.S. stocks rebounded on Tuesday (April 22) as a spate of quarterly earnings reports and hints at the de-escalation of U.S.-China trade tensions brought buyers in from the sidelines.

Regarding the options market, a total volume of 45,456,703 contracts was traded on Tuesday, call ratio rose to 57%.

Top 10 Option Volumes

Top 10: NVDA; TSLA; MSTR; AAPL; AMZN; VIX; PLTR; MARA; META; NFLX

Source: Tiger Trade App

Tesla shares jumped over 5% in after-hours trading. Tesla reported profitability for its core auto business that topped rock-bottom expectations and said it was on track to produce an affordable car, offering some hope to investors as sales have dropped.

The electric vehicle maker reported revenue of $19.34 billion for the January-March quarter, compared with estimates of $21.11 billion. Automotive gross margin for the first quarter, excluding regulatory credits, fell to 12.5% from 13.6% in the fourth quarter.

Tesla CEO Elon Musk said he would cut back "significantly" the time he devotes to the Trump administration from next month and spend more time running the electric-vehicle maker.

A total number of 1.98 million options related to Tesla was traded on Tuesday, of which 48% were call options. Bullish options related to Tesla saw big gains on Tuesday. For example, the $250 strike call option expiring this Friday soared 91%.

$TSLA 20250425 250.0 CALL$

Source: Tiger Trade App

Crypto stocks Strategy, MARA Holdings are also among the top 10 options trades as shares surged 8% and 14% each on Tuesday.

Waking up to a surge in Bitcoin price to over $93,000 driven by optimism in the improvement of US-China trade relations, with a 24-hour gain of over 7%.

There are 823.36K Strategy option contracts traded on Monday. Call options account for 69% of overall option trades. Based on option delta volume, traders bought a net equivalent of 270,374 shares of Strategy stock. The largest bullish delta came from buying calls.

Source: Market Chameleon

Unusual Options Activity

Source: Market Chameleon

General Electric Co. shares up 6% on Tuesday as it reaffirmed full-year financial outlook as first-quarter profit came in better than expected, shrugging off the uncertainty that President Donald Trump’s tariff war has created across much of corporate America.

The world’s largest maker of jet engines continues to expect that profit and sales will grow this year. The company, which operates as GE Aerospace, on Tuesday cited demand in the commercial business and efforts to control costs that are helping it navigate the volatile environment.

A total number of 49,589 options related to GE was traded on Tuesday, of which 72% were call options. A particularly high trading volume was seen for the $210 strike call option expiring this week, with a total number of 11,427 option contracts traded as of Tuesday.

$GE 20250425 210.0 CALL$

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; AAPL; PFE; NFLX; BAC; AKAM; NKE; PLTR; MS; AVGO

Top 10 bearish stocks: NVDA; ORCL; MU; EA; CI; WBA; F; MTCH; INTC; CMCSA

Source: Market Chameleon

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