【August 22nd US Stock Options Leaderboard】

$NVIDIA (NVDA)$​ has the highest call transaction volume ($229 million), but there is a significant net selling of calls; large orders show a dominance of SELL for the September 160C / 172.5C, resembling a covered call or rolling hedge, leaning towards "reducing leverage at high levels".

$Tesla (TSLA)$​ ranks second on the call side but also shows net selling; the put side ranks in the top three in terms of volume, with a primary focus on net selling, presenting an overall neutral to bullish pattern of "collecting premiums at both ends".

$Eli Lilly (LLY)$​ has the highest put transaction volume, and there is a clear net buying of puts; meanwhile, a large BUY for the September 960P appears, resembling institutional risk control paired with hedging. #OptionsFlow