[December 2 US Stock Options Leaderboard]

The market saw a slight rebound against the backdrop of stabilized interest rates and Bitcoin, with the Nasdaq up about +0.6%. Tech heavyweights continue to lead the trend.
$NVIDIA(NVDA)$​ stock price has been oscillating around $180 in recent days, with a slight increase today. Over the past week, it has been consolidating after the previous surge. On the leaderboard, NVDA Call trading volume ranks first, accounting for more than 60% with net buying in the positive, a typical "trend-following funds buying the dip" move.
👉 Strategy: Bullish bias but not suitable for all-in. It's better to participate in the upside with 2–3 month slightly out-of-the-money Call Spreads or Bull Put Spreads. Single-leg naked Calls have higher risk/drawdown.
$Tesla(TSLA)$​ stock is trading in a narrow range between 420–440 at a high level, up about 7% year-to-date and about +20% over the past 12 months. Historically, December has a high probability of gains but also high volatility. Today, Puts account for over 70%, and large-volume far-dated Dec 2025 540/545 Puts rank among the top trades, with most executed near MID, suggesting institutions are buying insurance at highs for previous longs, rather than purely shorting.
👉 Strategy: Holding spot: Consider protective Puts or Collars expiring in 6–12 months to hedge Q4/next year's volatility; Speculating on year-end rally: Use short-term Call spreads, which are more favorable than buying high Delta Calls outright.
$Apple(AAPL)$​ has risen for 7 consecutive days, hitting new highs and closing near $286. In the short term, it has become a "trend stock" with AI concerns cleared, iPhone 17 sales exceeding expectations, and multiple brokerages raising target prices. On the leaderboard, AAPL Calls account for as much as 95% but overall are net sold, indicating institutions are mostly selling covered calls at highs to collect premiums, rather than leveraging up to chase the rally.
👉 Strategy: Long-term bullish: Sell slightly out-of-the-money Puts on dips as "limit orders"; For existing positions: Moderately sell covered calls to increase cash flow, which is more cost-effective than simply adding more shares.
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