Bullish options activity surges for retail trading favorites including Robinhood and Tesla
Options volume has spiked in several stocks favored by retail traders, despite September typically being a weak month for the market. Robinhood Markets (HOOD), Palantir Technologies (PLTR), Tesla (TSLA), and SpaceX are among those seeing heavy call buying as implied volatility drops across major indices like the S&P 500. Traders appear to be capitalizing on low volatility, with calls outpacing puts by at least a two-to-one ratio in each stock. Robinhood is experiencing particularly strong bullish sentiment, trading near its year-to-date high and seeing nearly triple average volume. Palantir also shows significant options activity as it rises sharply. The surge around Tesla and SpaceX appears to be driven partly by anticipation of the Cybercab event and a retest above $150 for SpaceX stock. Momentum traders note that retail investors are increasingly aggressive, often needing only a catalyst to act.
Tickers: $HOOD $PLTR $SPXS $TSLA
Topics: bullish sentiment implied volatility options trading retail traders