Market Overview

Wall Street posted solid gains on Friday (Apr. 11) as big banks kicked off first-quarter earnings season and investors closed the book on a turbulent week of wild swings driven by the chaos of U.S. President Donald Trump's multi-front trade war.

Regarding the options market, a total volume of 57,844,406 contracts was traded.

Top 10 Option Volumes

Top 10: Nvidia, Tesla, Apple, CBOE Volatility Index, Strategy, AMD, Amazon, Palantir, Intel, GameStop

Shares of NVIDIA rallied 3% on Friday.

There are 4.98 million NVIDIA option contracts traded on Friday. Call options account for 61% of overall option trades. Particularly high volume was seen for the $110 strike call option expiring Apr. 11, with 295,473 contracts trading.

Advanced Micro Devices rose 5% on Friday.

There are 769.85K Advanced Micro Devices option contracts traded on Friday. Call options account for 64% of overall option trades. Particularly high volume was seen for the $95 strike call option expiring Apr. 11, with 56,462 contracts trading.

Unusual Options Activity

Apple stock rose 4% on Friday. After more than a week of ratcheting up tariffs on products imported from China, the Trump administration issued a rule late Friday that spared smartphones, computers, semiconductors and other electronics from some of the fees, in a significant break for tech companies like Apple and Dell and the prices of iPhones and other consumer electronics.

There are 1.94 million Apple option contracts traded on Friday, 2 times higher than the previous trading day. Call options account for 61% of overall option trades. Particularly high volume was seen for the $200 strike call option expiring Apr. 11, 2025, with 143,233 contracts trading.

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 1,276,813 shares of NVIDIA stock. The largest bearish delta came from selling calls. The largest delta volume came from the 11-Apr-25 110 Call, with traders getting short 1,055,528 deltas on the single option contract.

Top 10 bullish stocks: Payoneer Global, Newmont Mining, Nvidia, Petroleo Brasileiro, Levi Strauss, Bank of America, AMD, Robinhood, GameStop, Microsoft

Top 10 bearish stocks: Tesla, Amcor, AGNC Investment, Alibaba, Rivian, Rigetti Computing, Joby Aviation, PDD, Charles Schwab, ZIM Integrated Shipping

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