U.S. stock futures are in rally mode this morning, pointing toward potential fresh all-time highs for the major market indices. The buzz word on the Street is jobs. ADP’s employment report came in well above expectations yesterday, and economists are expecting today’s nonfarms payrolls report to confirm the robust job growth. Specifically, May payrolls are expected to show the U.S. economy adding 185,000 jobs last month, with the unemployment rate holding at 4.4%.

Against this backdrop, futures on the Dow Jones Industrial Average have gained 0.22%, while S&P 500 futures are up 0.10% and Nasdaq-100 futures have added 0.21%.

On the options front, volume returned to normal with the arrival of June. Overall, about 15.1 million calls and 12.8 million puts changed hands. On the CBOE, the single-session equity put/call volume ratio rose to 0.66, while the 10-day moving average slipped to 0.63.

Topping Thursday’s options activity, Ford Motor Company (NYSE:F) saw call option volume rebound after it emerged as the only U.S. automaker to post year-over-year gains in monthly auto sales, surpassing General Motors Company (NYSE:GM) for the month. Elsewhere, Nvidia Corporation (NASDAQ:NVDA) attracted more bullish options activity in the wake of the Computex computer conference in Taipei, Taiwan. Finally, BlackBerry Ltd (NASDAQ:BBRY) surged after Citron Research claimed it could be the next Nvidia.

Ford Motor Company (F)

Despite a shakeup at the CEO position, Ford managed to dethrone GM as the top U.S. automaker by sales volume with the latest U.S. auto sales report. In May, Ford sold more than 241,000 vehicles, marking a 2.2% gain for the year. Ford was the only U.S. automaker to post a gain. Ford was also the only U.S. automaker to top expectations from Kelley Blue Book, beating projections by 4%, or more than 9,000 vehicles.

As a result, F stock rose more than 2.6%, and options traders turned to calls on the day. Roughly 412,000 contracts traded on F stock on Thursday, with calls making up 59% of the day’s activity. What’s more options traders have begun to warm up to F stock in the past week, with the June put/call open interest ratio falling from a perch north of 1.00 to its current reading of 0.92.

However, a true rebound for F stock may be difficult over the short term, as more than 114,000 calls are currently parked at the overhead $13 strike — creating considerable options-related resistance in the area. Still, a rally to $13 would be nearly a 13.5% move for F stock, and well worth betting on if the shares gain momentum.

Nvidia Corporation (NVDA)

NVDA stock is continuing to put distance between it and building support in the $140 region. On Thursday, the stock gained additional ground after a well-received showing at the Computex computer conference in Taipei, Taiwan. Reiterating its bullish outlook for NVDA stock, Canaccord Genuity offered up bullish commentary on the company’s presentation, noting that Nvidia’s HGX AI offerings and Max-Q designs for gaming laptops “continue to broaden the NVIDIA ecosystem and increase the runway for Pascal and Volta adoption in gaming notebooks and in the datacenter.”

Options traders, meanwhile, appeared to continue their bullish advance on NVDA stock. Volume topped 261,000 contracts yesterday, with calls making up 58% of the day’s take. However, the June put/call OI ratio still rose to 1.39 from Wednesday’s reading of 1.37. In short, it appears that NVDA call traders are taking profits instead of adding new positions, thus leaving put traders to take control of the overall OI outlook, with expectations rising for a near-term reversal for NVDA.

BlackBerry Ltd (BBRY)

Speaking of NVDA and the stock’s meteoric rise in the past year, analysts at Citron Research believe that BlackBerry could be the next Nvidia. Specifically, Citron notes that NVDA soared after Wall Street finally looked past Nvidia’s value as a graphics card maker, and that BBRY could see similar growth once traders realize that BlackBerry has made the move from smartphones to autonomous driving and automotive software.

Options traders didn’t take the comparison lightly, as calls made up roughly 86% of the more than 227,000 contracts traded on BBRY yesterday. Still, there are some reservations, as the June put/call OI ratio still rests north of 0.80, with puts and calls just shy of parity.

This reluctance from BBRY options traders is somewhat surprising, given that the stock has rallied more than 65% so far this year.

As of this writing, Joseph Hargett did not hold a position in any of the aforementioned securities.