Wall Street extended its rally on Friday(Jun 27), sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fueled investor risk appetite and economic data helped solidify expectations for rate cuts from the U.S. Federal Reserve.

Regarding the options market, a total volume of 58,839,405 contracts was traded on Friday, up 22% from the previous trading day.

Top 10 Option Volumes

Top 10: NVDA; TSLA; PLTR; AMZN; AMD; Cboe Volatility Index; AAPL; Strategy; Nike; Circle Internet Corp.

Source: Tiger Trade App

NVIDIA rose 1.8% on last Friday. The maker of artificial-intelligence chips held onto its title as the largest company in the U.S. by market capitalization on Thursday, closing at a record $155.02, up 0.5%, and with a value of $3.782 trillion.

A total number of 4.25M options related to NVIDIA was traded on Friday, up 24% from the previous trading day, of which call options accounted for 62%. Particularly high volume was seen for the $160 strike Call option expiring July 3, with 211,274 contracts trading. $NVDA 20250703 160.0 CALL$

Unusual Options Activity

Source: Market Chameleon

Palantir sank 9.4%. Shares of the data analytics company finished Thursday with a gain of 0.9% and notched an all-time closing high of $144.25. Palantir has soared 73% this year, riding a frenzy of investing in the artificial-intelligence space.

A total number of 1.38M options related to Palantir was traded on Friday, up 89% from the previous trading day, of which call options accounted for 66%. Particularly high volume was seen for the $142 strike Call option expiring July 3, with 32,517 contracts trading. $PLTR 20250703 142.0 CALL$

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 2,742,898 shares of NVIDIA stock. The largest bullish delta came from buying calls. The largest delta volume came from the 27-Jun-25 157.50 Call, with traders getting short 2,116,801 deltas on the single option contract.

Top 10 bullish stocks: NVDA, NKE, IVZ, EIX, JNPR, NEM, FCX, PARA, NFLX, MU

Top 10 bearish stocks: PFE, COIN, MSFT, TSLA, GOOGL, SMCI, AAPL, PLTR, PYPL, CRM

Source: Market Chameleon

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