[December 8 US Stock Options Leaderboard]

The market experienced a slight pullback at historical highs (S&P about -0.3%, Nasdaq about -0.1%). Overall risk appetite slightly decreased, but AI infrastructure, consumer blue chips, and healthcare hedges all made the list.

$Broadcom(AVGO)$ topped the bullish transaction value list, with Calls accounting for over 96%. Large orders were concentrated in the actively bought 26/01 360C, with a buy/sell ratio as high as 70:1. Options capital is crowded on the positive bet of the "AI plumber." The stock price has risen over 100% in a year, closing at around $401, approaching its 52-week high. Multiple research reports have listed AVGO as one of the "New Magnificent Seven," emphasizing AI switches + custom chips + VMware software dual engines, but the valuation is already high.
👉 Strategy: Follow the trend but control leverage, prioritize slightly out-of-the-money 2026 bull call spreads or "sell Put, buy Call" risk reversals, and avoid going all-in on short-term options.

$Walmart(WMT)$ ranked 2nd in bullish transaction value, with Calls accounting for 100%. It also appeared on the unusual Put/Call ratio list (Put:Call = 1:∞), clearly indicating that capital is using Calls for directional or structural trades. After consecutive gains, the stock pulled back about 1.3% that day to around $113–114, but is still up about 12% in the past month and over 20% year-to-date. Institutions see it as a "long-term momentum blue chip," and management is also advancing high-end city "dark stores" and e-commerce fulfillment models.
👉 Strategy: Long-term bulls are better suited to selling far-dated, slightly out-of-the-money cash-secured Puts instead of chasing highs; those with an existing position can write slightly out-of-the-money Calls on rallies to collect premiums.

$Tesla(TSLA)$ ranked 3rd in bullish transaction value, with Calls accounting for about 53%. Active buying B:S ≈ 3.4:1, indicating significant buying on dips during the pullback. The stock fell about 3%–4% that day to around $440, mainly pressured by a Morgan Stanley report downgrading from "Overweight" to "Equal Weight" for the first time in two years, citing weakening EV demand and overly high AI/FSD expectations, with increased volatility likely in the coming year.
👉 Strategy: Those holding shares can sell medium-to-long-term Calls at the 450–480 range for partial protection. If looking to go long on the pullback, use 2–3 month bull call spreads or small position risk reversals, which are more prudent than naked short-term options. #OptionsFlow