The Hot Options Report: 01-30-26

Jan 31, 2026

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The markets are closing out the week with a massive "banger," but not for the reasons bulls were hoping for. Between a historic "Metals Apocalypse" and the naming of a new, potentially hawkish Fed Chair nominee, the options tape is lighting up with aggressive defensive plays and institutional shifts.

In this episode of The Hot Options Report, Mark Longo breaks down a day where it took a staggering 750,000 contracts just to break into the Top 10. From Meta's $21 slide to Tesla's massive volume surge, we track the names dominating the tape on this high-velocity Friday.

📊 The Hot Options Countdown:

#10: Meta (META) - Selling off nearly 3% despite earlier weekly gains. Heavy action on the 720 calls as the stock pulled back to $716.
#9: MicroStrategy (MSTR) - A rare green shoot in a red forest. The "Monster" climbed 4.5% with traders eyeing the March 160 strike.
#8: Palantir (PLTR) - A tough end for 150-strike bulls as the stock faded late to close near $146.
#7: Micron (MU) - Giving back some of its recent massive gains, dropping 5% with heavy volume at the 450 strike.
#6: SoFi (SOFI) - Post-earnings pain continues. Despite hitting 30 recently, dilution and sentiment have dragged it back to the $22 level.
#5: Intel (INTC) - Volatility remains the name of the game for Intel, with traders blasting away at the 50 strike.
#4: Microsoft (MSFT) - A rough week for MSFT capped off with a million-contract day and big action on long-term upside verticals.
#3: Apple (AAPL) - Earnings weren't enough to save Apple from the "general sucking sound" of the market, though it managed a slight gain to finish near $259.
#2: Nvidia (NVDA) - 2.9 million contracts traded—usually enough for #1, but today it takes the silver medal.
#1: Tesla (TSLA) - The undisputed king of the tape today with 3.67 million contracts. As the narrative shifts toward AI and robotics, traders piled into the 435 calls.

🔍 Key Market Themes:

The Metals Apocalypse: Gold and silver are getting "annihilated," leading to massive liquidation and a spike in volatility.
The Warsh Factor: The nomination of Kevin Warsh as the next Fed Chair has the Street on edge. Is he the hawkish "regime change" the market fears?
Tesla's Narrative Shift: Why Elon Musk is successfully pivoting the stock away from EVs and toward AI, robots, and SpaceX.

🔗 Resources:

Daily Flow: Check out TheHotOptionsReport.com for the flow we couldn't fit into the show.
Follow Mark on X: @Options.