Wall Street ended higher on Friday(Feb 28) after a choppy trading session, with Dell Technologies dipping and other tech stocks climbing after a meeting between the U.S. President Donald Trump and Ukrainian counterpart Volodymyr Zelenskiy ended in disaster.

Regarding the options market, a total volume of 61,493,891 contracts was traded on Friday.

Top 10 Option Volumes

Top 10: NVDA; TSLA; PLTR; AAPL; Cboe Volatility Index ; MSTR; AMZN; SMCI; AMD; Intel

Source: Tiger Trade App

Nvidia rose 3.9% on Friday. The stock dropped 8.5% on Thursday, even as the leading maker of artificial-intelligence chips reported better-than-expected quarterly earnings but narrower profit margins. The drop Thursday was the stock's largest post-earnings daily percentage decrease since Nov. 6, 2018, according to Dow Jones Market Data.

A total number of 6.88 million options related to Nvidia was traded on Friday, of which 57% were call options. A particularly high trading volume was seen for the $115 strike put option expiring Mar 7, 2025, with a total number of 301,599 option contracts traded as of Friday. Open interests of Nvidia's $115 put options are particularly high. $NVDA 20250307 115.0 PUT$

Source: Market Chameleon

Unusual Options Activity

Source: Market Chameleon

FuboTV shares tumbled 14% as next quarter’s revenue guidance of $413 million was less impressive, coming in 6.2% below analysts’ estimates. Its non-GAAP loss of $0.02 per share was 82.4% above analysts’ consensus estimates.

A total number of 222,780 options related to fuboTV Inc. was traded on Friday, of which 78% were call options. A particularly high trading volume was seen for the $3 strike call option expiring Mar 7, 2025, with a total number of 16,399 option contracts traded as of Friday. $FUBO 20250307 3.0 CALL$

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 4,164,680 shares of NVDA stock. The largest bearish delta came from selling calls. The largest delta volume came from the 07-Mar-25 Put, with traders getting long 3,565,713 deltas on the single option contract.

Top 10 bullish stocks: NVDA, AAPL, INTC, NEE, BAC, OXY, SMCI, MU, AES, DELL

Top 10 bearish stocks: CZR, AMZN, MCD, PFE, PLTR, GOOGL, TSLA, AVGO, WBA, BMY

Source: Market Chameleon

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