Option Movers | This Kohl's Call Soars 10600% as Retail Investors Pile In! Nio's $5 Call Shows High Open Interest

The S&P 500 eked out a record-high close on Tuesday (July 22), following steep losses in General Motors and a gain in Tesla as investors focused on recent and upcoming quarterly reports and watched for signs of progress in U.S. trade discussions.

Regarding the options market, a total volume of 48,931,772 contracts was traded on Tuesday, call ratio accounted for 62%.

Top 10 Option Volumes

Top 10: NVDA; OPEN; TSLA; AAPL; AMD; NIO; PLTR; LCID; HOOD; KSS

Source: Tiger Trade App

Shares of U.S. department store chain Kohl's is the No. 1 trending ticker on retail investor forum Stocktwits. About 49% of Kohl's outstanding shares available for trading are shorted, LSEG data showed. Kohl's stock closed 37.62% higher at $14.34.

"Kohl's has a lot of (fundamental) issues and yet this kind of crazy group move up just exemplifies what's happening with the retail investor where they're going to hop on superfast momentum stocks that we love to call meme stocks and hope to be able to make money," said Kim Forrest, chief investment officer at Bokeh Capital Partners.

A total number of 409.22K options related to Kohl's was traded on Tuesday, 11.6 times higher than the 90-day average trading volume. Bullish bets related to KSS showed big gains. For example, the $13 strike call option expiring this Friday soared 10600%.

$KSS 20250725 13.0 CALL$

Source: Tiger Trade App

Unusual Options Activity

Source: Market Chameleon

NIO stock rocketed 11% higher in Tuesday's trading following the announcement of a new vehicle.

Nio is rolling out its new ONVO L90 model for the Chinese market on Aug. 1. The vehicle will be rolled out at two price points - a $39,000 complete model and a $27,000 battery-as-a-service model. The company's revenue increased 21.5% year over year in the first quarter, and investors are betting that the rollout of the company's new SUV will boost vehicle deliveries and allow the business to tap into high-margin service-based revenue streams.

A total number of 602, 206 options related to NIO was traded on Tuesday, of which call options accounted for 72%. A particularly high open interest was seen for the $5 strike call options expiring this Friday.

$NIO 20250725 5.0 CALL$

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: PYPL; GOOGL; ENPH; VZ; EQT; AMZN; PFE; KVUE; PLTR; BAC

Top 10 bearish stocks: NVDA; F; AMD; T; SLB; SMCI; AAPL; HST; KO; LMT

Source: Market Chameleon

If you are interested in options and you want to:

• Share experiences and ideas on options trading.

• Read options-related market updates/insights.

• Learn more about options trading if you are a beginner in this field.

Please click to join Tiger Options Club