Market Overview

Some trade policy relief and strong bank earnings were not enough to keep Wall Street from pushing U.S. stocks down slightly on Tuesday(Apr. 15), although U.S. government bonds and the dollar regained some ground after sharp declines last week.

Regarding the options market, a total volume of 40,220,084 contracts was traded.

Top 10 Option Volumes

Top 10: Nvidia, Tesla, CBOE Volatility Index, Palantir, Apple, Amazon, Meta, Bank of America, Intel, AMD

Shares of Palantir Technologies Inc. rose 6.24% on Tuesday following news that the North Atlantic Treaty Organization (NATO) had acquired the analytics software provider's artificial intelligence-enabled military system.

There are 990.67K Palantir Technologies Inc. option contracts traded on Tuesday. Call options account for 61% of overall option trades. Particularly high volume was seen for the $100 strike call option expiring Apr. 17, with 81,219 contracts trading. The $100 strike call option expiring this Thursday surged 188% on Tuesday. $PLTR 20250417 100.0 CALL$

Shares of NVIDIA rallied 1.4% on Tuesday.

There are 2.5 million NVIDIA option contracts traded on Tuesday. Call options account for 58% of overall option trades. Particularly high volume was seen for the $115 strike call option expiring Apr. 17, with 151,485 contracts trading. $NVDA 20250417 115.0 CALL$

Unusual Options Activity

Bank of America topped estimates on Tuesday for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul, lifting its shares 3.6%.

There are 394.12K Bank of America option contracts traded on Tuesday. Call options account for 65% of overall option trades. Particularly high volume was seen for the $39 strike call option expiring Apr. 17, 2025, with 29,752 contracts trading. $BAC 20250417 39.0 CALL$

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 sold a net equivalent of -243,326 shares of XPeng Inc. stock. The largest bearish delta came from selling calls. The largest delta volume came from the 20-Mar-26 27 Call, with traders getting short 178,444 deltas on the single option contract.

Top 10 bullish stocks: Palantir, Intel, United States Steel, Planet Labs, Eos Energy Enterprises, Nvidia, Barrick Gold, Netflix, Apple, ImmunityBio

Top 10 bearish stocks: Walmart, Mural Oncology, Boeing, JPMorgan, XPeng, Meta, Alibaba, Lucid, Nike, Amazon

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