[December 4 U.S. Stock Options Leaderboard]

The market fluctuated within a narrow range. The S&P and Nasdaq edged up, now less than 1% from their historical highs. The Dow dipped slightly. U.S. Treasury yields rebounded but the market still bets on future rate cuts. Growth and blue-chip stocks continue to dominate trading.

$Tesla(TSLA)$ rose about 5% over the past week, and closed up another 1.7% last night above $450. November sales in China rebounded and Norway’s full-year sales hit record highs, but Cybertruck reportedly cut production, so fundamentals are “rising overall sales + pressure on a single model.” On the leaderboard, TSLA led in bullish trading volume, with calls accounting for over 86% and net buying of about $12 million—clear bullish sentiment.

👉 Strategy: Follow the uptrend but control leverage; suitable for participating with slightly out-of-the-money bull call spreads expiring in 2–3 months. For those holding spot shares, consider selling calls at a higher strike price to collect premiums on rallies; avoid chasing with naked calls.

$Bank of America(BAC)$ traded near $54, hitting another 52-week high. Q3 profit and revenue both grew by double digits, and several institutions raised their target prices. BAC also announced it will fully open crypto asset ETP investment advice to wealth management clients, strengthening the “traditional bank + digital assets” narrative. On the leaderboard, BAC calls accounted for 100%, but there was a net sell of about $26 million, suggesting more profit-locking through covered calls at high levels.

👉 Strategy: Holders can use near-month, slightly out-of-the-money covered calls to reduce volatility. New money should avoid chasing; better to sell far-month out-of-the-money puts as “discount limit orders” to gradually build a position.

$Booking Holdings(BKNG)$—Travel demand remains resilient, with Q3 EPS and revenue both beating expectations and continued dividends and buybacks. The stock is consolidating above $5,000. On the leaderboard, BKNG calls accounted for about 97%, but the active direction was close to neutral—more like rotation and structural adjustment among bulls rather than a consensus chase.

👉 Strategy: The outlook is “slow bull + high volatility,” suitable for 1–3 month wide straddles or calendar spreads to bet on swings. For long-term holders, consider selling a small amount of slightly out-of-the-money calls as “extra dividends.” #OptionsFlow