Whales Are Moving Big Money in $NVDA, $BKNG, $MU + More — Here's What Traders Need to Know Now

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OptionSpotter hunts down unusual options activity, exposing hidden plays for big gains. Sharp, fast, and always ahead—OptionSpotter turns insights into profits.
 

•  28 Apr 2025
 

Monday’s market close brought a flood of unusual options activity across several major names, lighting up the radar for seasoned traders. Starting with Booking Holdings ($BKNG), we spotted a series of bearish trades from large investors. While it’s unclear if these moves were from institutions or wealthy individuals, the scale of activity is hard to ignore — and historically, big options bets on BKNG often foreshadow meaningful price moves. With shares closing at $4,889.95, up 1.06%, and technicals showing a sideways trend, caution seems to be the name of the game here.

Over at FedEx ($FDX), whales were making noticeably mixed moves, with a slight lean toward bearishness. Out of 12 trades identified, puts outweighed calls by dollar volume, signaling some hesitation about FedEx’s near-term prospects. The stock closed flat at $211.50, well below its 52-week high, and is trending lower, which aligns with the defensive positioning we’re seeing in the options market.

Micron Technology ($MU) also caught our attention today. The options flow was mixed but leaned bearish, with 38 trades totaling over $5 million in premiums. Interestingly, calls made up the larger portion of trade counts, but puts carried heavier dollar volume, suggesting smart money is hedging or bracing for downside after the stock’s recent slide to $78.56. Technically, MU remains stuck in a sideways trend, with some softening momentum showing up on the RSI.

Then there’s NVIDIA ($NVDA), the heavy hitter everyone watches. Despite a broader bullish bias in tech lately, the options flow for NVDA leaned heavily bearish today. We tracked 196 unusual trades with a clear tilt toward puts, totaling over $6 million in bearish bets. This aggressive stance from financial giants is noteworthy, especially as NVDA fell 2.05% to $108.73 and continues to drift sideways. It’s a reminder that even the strongest names can see short-term corrections when sentiment shifts at the institutional level.

Palo Alto Networks ($PANW) also showed an uptick in bearish options positioning, despite a 1.43% gain on the day. The stock is holding above its moving averages, but heavy options action suggests traders are hedging against downside risk. Meanwhile, Palantir Technologies ($PLTR) saw a flurry of unusual activity too, but the sentiment was slightly more bullish than bearish. With PLTR trading at $114.70 after a strong recent rally, it appears some smart money is positioning for continued upside — but not without protection.

Lastly, WolfSpeed ($WOLF) was an outlier, exploding higher by 26.3% today. Unusual bearish options were noted, which could be due to traders locking in gains or betting on a retracement after such a sharp move. The massive volume spike relative to its average daily volume hints that WOLF will stay volatile in the sessions ahead.

Bottom Line:
Among today's flurry of unusual options activity, $PLTR stands out as offering the most attractive near-term opportunity. Despite some hedging, the balance of activity suggests smart money is still positioning for upside, and with momentum clearly in its favor, Palantir could deliver the kind of quick moves traders crave in the coming days.