U.S. stock futures are trading flat to higher this morning, as Wall Street looks to close out what was one tiring week. Traders went from fearing an outbreak of nuclear war on Monday, to domestic political bungling on neo-Nazis by mid-week, to concern that President Donald Trump’s economic and business agenda may be falling apart this morning. What’s more, attentions have now shifted to Barcelona, Spain, as a terrorist plowed a van into crowds of people in one of the city’s busiest areas.

Against this dizzying backdrop, Dow Jones Industrial Average futures are down 0.04%, Nasdaq-100 futures have gained 0.21% and S&P 500 futures have fallen 0.04%.

On the options front, volume surged back to life on Thursday, as about 18.1 million calls and 21.9 million puts changed hands on the day. Over on the CBOE, the single-session equity put/call volume ratio rose to 0.78, while the 10-day moving average held at 0.74.

Diving into Thursday’s options activity, Alibaba Group Holding Ltd (NYSE:BABA) call volume leapt after the company reported another quarter of blowout earnings results. Meanwhile, Tesla Inc (NASDAQ:TSLA) drew added attention after teaming up with General Electric Company (NYSE:GE) to put solar roofs on Home Depot Inc (NYSE:HD) locations. Finally, Amazon.com, Inc. (NASDAQ:AMZN) attracted options speculation in the wake of President Trump’s negative tweets on the company.

Alibaba Group Holding Ltd (BABA)

Despite a broad market selloff yesterday, BABA stock pushed higher to a gain of nearly 3% following another stellar quarter. Ahead of the open on Thursday, Alibaba said it earned $1.17 per share, blowing past Wall Street’s estimates for 94 cents per share. Revenue grew 56% to $7.4 billion, topping estimates for $7.12 billion. What’s more, mobile monthly active users rose 24% to 529 million and cloud computing revenue jumped 96% to $359 million as cloud computing paying customers increased 75% to 1.01 million.

You don’t get much better than that, and BABA options traders agreed, flooding the shares with call options. Total volume soared to 683,000 contracts — more than four times BABA’s average daily volume — as calls gobbled up 75% of the day’s take. Quite a bit of that activity was centered in the weekly Aug 18 series, as pre-earnings speculators took profits ahead of today’s expiration.

A fair amount still hit the back-month September series, however, driving the respective put/call open interest ratio down to 0.45. In other words, calls now more than double puts in September. After yesterday’s rally, peak call OI at the $160 strike now rests in the money, with heavy call accumulations at both $165 and $170 now in focus for BABA bulls looking for follow through buying.

Tesla Inc (TSLA)

Tesla made headlines yesterday after announcing it was teaming up with GE to put solar roofs on 50 Home Depot retail locations. Home Depot expects to generate 135 megawatts of clean energy from its locations by 2020, while Tesla believes the locations will showcase its solar energy division.

Furthermore, six of the Home Depot installations will have Tesla Powerwall battery packs to store energy during off-peak-demand hours. Powerwall is currently a popular product overseas in countries like Australia, but has yet to make an impact Stateside.

While the move was more PR than financial, TSLA options traders still took note of the news. Volume rose to 153,000 contracts, with calls grabbing about 56% of the day’s take. However, that same bullish enthusiasm isn’t present in the September series, as the put/call open interest ratio has risen in recent weeks to 1.31. That said, with put traders targeting the deep-out-of-the-money $250 and $235 strikes — both home to the heaviest OI in September — it seems that TSLA options traders are more interested in selling premium that betting on a rally.

Amazon.com, Inc. (AMZN)

President Trump took aim at Amazon.com earlier this week, tweeting out “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt — many jobs being lost!” In fact, Amazon collects taxes in the 45 states that have a state sales tax, and paid $412 million in taxes last year. Trump’s tweet sent AMZN stock down roughly $4 per share on Wednesday, and Amazon remained under pressure yesterday.

Influence also showed up in AMZN options activity, as puts gained a foothold in Thursday’s trading. Volume rose to almost 137,000 contracts, arriving just above average for the day. Meanwhile, puts eked out 51% of the day’s take. That said, minor advances in put activity are nothing new for AMZN, and with the shares trading just south of $1,000 per share, premiums are often too high for most options traders — leading to deep-out-of-the-money put selling.

This seems to be the case with AMZN’s September series. The put/call OI ratio for September currently rests at 1.02, which is actually down slightly over the past month. Peak put OI for the series rests at the out-of-the-money $925 strike, with the $920 strike close behind, reinforcing the idea that sellers are influencing put OI levels.

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