Easing trade tensions boosted optimism on Wall Street Tuesday (May 27), just days after the S&P 500 finished its worst week since the original Trump tariff announcements in early April.

Regarding the options market, a total volume of 43,751,136 contracts was traded on Tuesday, call ratio rose to 60%.

Top 10 Option Volumes

Top 10: TSLA; NVDA; AAPL; GME; AMC; PLTR; PDD; MSTR; AMZN; AMD

Source: Tiger Trade App

PDD Holdings, the Chinese parent of popular bargain online seller Temu, said its profit dropped nearly 50% in the first quarter, as a drastically different tariff environment in the U.S. added to challenges at home. The company's shares fell 14% in Nasdaq trading Tuesday.

With President Trump in the White House, PDD faced a major setback in its global ambitions, as Temu, whose ultracheap everyday items have been a hit with budget-conscious U.S. consumers, faced not just new U.S. tariffs but also the disappearance of a duty exemption for low-value packages from China.

A total number of 469.77K options related to PDD Holdings was traded on Tuesday, of which 61% were call options. Bearish options related to PDD saw big gains on Tuesday. For example, the $109 strike put option expiring this Friday soared 532%.

$PDD 20250530 109.0 PUT$

Source: Tiger Trade App

Unusual Options Activity

Source: Market Chameleon

After a long dry spell, shares of movie theater stocks perked up Tuesday. The biggest winner is AMC Entertainment, whose shares soared nearly 24% following a record Memorial Day Weekend box office haul.

Kid-friendly Lilo & Stitch, along with Tom Cruise's latest Mission Impossible film, led domestic box office sales to $325 million over the long weekend from Friday through Monday, according to data from Box Office Mojo. That's more than twice last year's haul and well above the last recent high in 2013 of $314 million, fueled by Fast & Furious 6.

A total number of 629,944 options related to AMC Entertainment was traded on Tuesday, of which 85% were call options. A particularly high trading volume was seen for the $4 strike call option expiring this Friday, with a total number of 79,376 option contracts traded as of Tuesday.

Source: Market Chameleon

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.

Top 10 bullish stocks: NVDA; TSLA; HPE; BMY; AMZN; META; XOM; MSFT; KVUE; AMD

Top 10 bearish stocks: INTC; CSCO; CRM; OXY; UNH; SMCI; ALB; GILD; QCOM; GOOGL

Source: Market Chameleon

Based on option delta volume, traders bought a net equivalent of 627,195 shares of Nvidia stock. The largest bullish delta came from buying calls.

Source: Market Chameleon

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