【December 4th US Stock Options Rankings】

The market is fluctuating within a narrow range, with the S&P and Nasdaq slightly up, less than 1% away from historical highs, and the Dow slightly down. US Treasury yields are rising, but the market still bets on future rate cuts, with growth and large-cap stocks continuing to dominate trading.

$Tesla (TSLA)$​ has risen about 5% in the past week, closing up about 1.7% last night above $450. Sales in China rebounded in November, and Norway's annual sales hit a record high, but the Cybertruck's production is reported to be reduced, with fundamentals showing "rising sales + pressure on a single model." In the rankings, the bullish trading volume for TSLA is the highest, with calls accounting for over 86%, and a net purchase of about $12 million, indicating a clear bullish bias. 

👉 Strategy: Maintain a bullish stance but control leverage; suitable to participate in slightly out-of-the-money bull call spreads for February to March; for those with existing positions, consider selling calls at a higher strike price to collect premiums and avoid chasing high naked calls.

$Bank of America (BAC)$​ stock price is around $54, setting a new 52-week high. Q3 earnings and revenue both grew by double digits, with several institutions raising their target prices. On the same day, it announced a comprehensive opening of cryptocurrency asset ETP allocation recommendations to wealth management clients, reinforcing the "traditional banking + digital assets" narrative. In the rankings, BAC calls account for 100%, but there is a net sale of about $26 million, suggesting a stronger inclination for writing calls at high levels to lock in profits. 

👉 Strategy: Shareholders can use slightly out-of-the-money covered calls to reduce volatility; new funds should avoid chasing high prices and instead use far-out-of-the-money puts as "discount limit orders" to gradually build positions.

$Booking Holdings (BKNG)$​ travel demand remains resilient, with Q3 EPS and revenue both exceeding expectations and continuous dividends and buybacks, with the stock price hovering above $5,000. In the rankings, BKNG calls account for about 97%, but the proactive direction is nearly neutral, resembling a handover among bulls and structural adjustments rather than consistent chasing of gains. 

👉 Strategy: The direction leans towards "slow bull + high volatility," suitable for using wide straddles or calendar spreads from January to March to profit from fluctuations; for those with long-term positions, consider selling a small amount of slightly out-of-the-money calls as additional "dividends." #OptionsFlow