Market Overview
Wall Street stocks tumbled on Monday (Feb. 23), as ongoing fears of artificial intelligence-related disruption and the fallout from Friday's U.S. Supreme Court ruling sent investors fleeing from high-risk equities.
Regarding the options market, a total volume of 56,079,870 contracts was traded.
Top 10 Option Volumes
Top 10: TSLA, NVDA, MSFT, AAPL, AMZN, PLTR, VIX, JNJ, NFLX, META
Source: Tiger Trade App
Tesla stock fell 2.9% on Monday as investors weighed what a struggling electric-vehicle business means for the stock.
There are 2.73 million Tesla option contracts traded on Monday, down 3% from the previous trading day. Call options account for 57% of overall option trades. Particularly high volume was seen for the $400 strike call option expiring February 23, with 123,843 contracts trading. TSLA 20260223 400.0 CALL
Johnson & Johnson will all trade ex-dividend for its respective upcoming dividends on February 24. The company will pay its quarterly dividend of $1.30 on March 10.
There are 462.23K J&J option contracts traded on Monday, up 697% from the previous trading day. Call options account for 98% of overall option trades. Particularly high volume was seen for the $210 strike call option expiring March 20, with 80,361 contracts trading. JNJ 20260320 210.0 CALL
Unusual Options Activity
Source: Market Chameleon
PayPal shares jumped 5.8% on Monday after Bloomberg News reported that the payments firm is attracting takeover interest.
There are 372.91K PayPal option contracts traded on Monday, up 243% from the previous trading day. Call options account for 83% of overall option trades. Particularly high volume was seen for the $50 strike call option expiring February 27, with 34,162 contracts trading. PYPL 20260227 50.0 CALL
Novo Nordisk shares sank 16.4% on Monday after it said its next-generation weight loss drug didn’t meet its key goal of showing that it wasn’t inferior to Eli Lilly’s rival drug, in the latest blow to the Danish drugmaker, whose stock is trading at a multi-year low after a series of disappointing announcements.
There are 316.59K Novo option contracts traded on Monday, up 249% from the previous trading day. Call options account for 58% of overall option trades. Particularly high volume was seen for the $40 strike Put option expiring March 6, with 12,167 contracts trading. NVO 20260306 40.0 PUT
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