The S&P 500 ended higher on Wednesday(Oct 15), with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors remained focused on the recent increase in China-U.S. trade tensions.
Regarding the options market, a total volume of 66,413,557 contracts was traded on Wednesday.
Top 10 Option Volumes
Source: Tiger Trade App
HSBC boosted its price target on AMD to $310 from $185. Shares of the chip maker jumped 9.4% to $238.60 on Wednesday.
A total number of 1.74M options related to AMD were traded on Wednesday, up 98% from the previous trading day, of which call options accounted for 65%. Particularly high volume was seen for the $240 strike call option expiring Oct. 17, with 123,622 contracts trading. $AMD 20251017 240.0 CALL$
Unusual Options Activity
Source: Market Chameleon
Hims & Hers Health Inc. said that it has introduced affordable treatment options for those going through perimenopause and menopause. The menopause care expands on its services into hormone-replacement therapies. The stock of the company is up 16%.
A total number of 410,850 options related to Hims & Hers Health Inc. were traded on Wednesday, up 248% from the previous trading day, of which call options accounted for 74%. Particularly high volume was seen for the $60 strike call option expiring Oct. 17, with 26,272 contracts trading. $HIMS 20251017 60.0 CALL$
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 767,217 shares of Bank of America stock. The largest bullish delta came from buying calls. The largest delta volume came from the 17-Oct-25 52 Call, with traders getting long 354,041 deltas on the single option contract.
Source: Market Chameleon
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