【December 8th US Stock Options Leaderboard】

The market slightly corrected at historical highs (S&P down about -0.3%, Nasdaq down about -0.1%), overall risk appetite has slightly decreased, but AI infrastructure, consumer blue chips, and healthcare hedges are all on the list.

$Broadcom (AVGO)$​ ranked first in bullish trading volume, with Calls accounting for over 96%, large orders concentrated on the 26/01 360C active buy, with a buy-sell ratio as high as 70:1, options funds are crowdedly betting on "AI Plumber". The stock price has risen over 100% in a year, closing at about $401, approaching the 52-week high, multiple research reports have included AVGO in the "new seven giants", emphasizing the dual engines of AI switches + custom chips + VMware software, but the valuation is already not low.

👉 Strategy: Maintain a bullish bias but control leverage, prioritize slightly out-of-the-money bull market Call spreads for 2026 or "sell Put buy Call" risk reversal, avoid short-term options gambling.

$Walmart (WMT)$​ ranked 2nd in bullish trading volume, with Calls accounting for 100%, and simultaneously appeared on the unusual Put-Call ratio list (Put:Call = 1:∞), clearly indicating that funds are using Calls for directional or structural trading. The stock price corrected about 1.3% to around $113–114 after a continuous rally, but still rose about 12% in the past month, with an annual gain of about 20%+, regarded by institutions as a "long-term momentum blue chip", with management also promoting high-end city "dark stores" and e-commerce fulfillment models.

👉 Strategy: Long-term bullish investors are more suited to sell slightly out-of-the-money cash-secured Puts for distant months instead of chasing high prices; those with existing positions can write slightly out-of-the-money Calls to collect premiums on rallies.

$Tesla (TSLA)$​ ranked 3rd in bullish trading volume, with Calls accounting for about 53%, active buying B:S ≈ 3.4:1, indicating that there is still a considerable amount of funds buying low during the correction. The stock price fell about 3%–4% to around $440, mainly pressured by Morgan Stanley's downgrade from "overweight" to "hold" for the first time in two years, citing weakening EV demand and overly optimistic AI/FSD expectations, with increased volatility likely in the coming year.

👉 Strategy: Those with spot can sell medium-to-long-term Calls in the 450–480 range for partial protection; those looking to capitalize on the correction can use 2–3 month bull market Call spreads or small position risk reversals, which are more stable than naked long positions in short-term options. #OptionsFlow