10 Hot Stocks to Watch — Tuesday, July 7, 2026

Lucid shares surged 9.54% to $6.66 today, riding a broader EV rally led by Tesla's robotaxi push and California's new buyer incentives that notably exclude Musk's company. However, options traders are heavily bearish: put volume dwarfs calls at a 0.65 call-put ratio, with 14,334 contracts of $6.0 puts expiring July 17 signaling conviction below current levels. Despite Q2 delivery beats and European restructuring efforts, the stock remains down 45% YTD, and the options market is pricing in a test of $6.0 support within two weeks.

Rivian climbed 8.11% to $20.14 today, buoyed by JPMorgan's price-target increase and upbeat Q2 guidance ($1.55B–$1.65B revenue), even as the company announced a 75-million-share public offering overnight. The dilution initially weighed on after-hours trading, but bullish options positioning—heavy call buying with a 2.51 call-to-put ratio—suggests institutional accumulation near support. Watch the $20 strike, where 11,400 calls sit in-the-money for July 2026, signaling conviction above current levels through at least mid-2026.

Rocket Lab slid 7.34% to $93.09 on news that CEO Peter Beck plans to sell roughly $465 million in shares at current prices, representing 0.9% of outstanding stock following the Iridium contract win. The broader space sector retreated midday as investors locked in gains from last week's rally, with RKLB leading the pullback. Options markets, however, painted a contrarian picture: call-to-put ratio of 3.62 signals aggressive bullish positioning, with heavy volume in $100–$110 calls expiring mid-July, suggesting traders view the dip as tactical accumulation ahead of the half-trillion-dollar commercial space backlog inflection point.

Tesla jumped 6.69% to $419.77 as the automaker expanded its robotaxi service to Miami, extending autonomous ambitions beyond Texas and California. The move pairs solid Q2 delivery volumes with growth prospects that are drawing heavy call buying, with a 4.96 call-to-put ratio and outsized volume in $420 and $415 strikes. Morgan Stanley projects a 30,000-vehicle fleet by 2030 and expects launches in Phoenix, Orlando, Tampa, and Las Vegas by year-end. Watch the $420 level through early July expiration dates as institutional conviction materializes.

Advanced Micro Devices rallied to $552.05 today, extending its year-to-date momentum as the chipmaker benefits from sustained capital flows into AI-exposed equities. The options market shows balanced positioning: call volume concentrated around $600 and $530 strikes suggests traders are split between upside conviction and profit-taking near current levels. Mixed call-put ratio of 1.26 and heavy OTM call interest indicate caution ahead of the Fed minutes, though the $555 ITM puts signal some downside protection. Watch the $584.73 52-week high—AMD's beta of 2.47 means any broader tech pullback could accelerate losses.

SoundHound AI jumped 6.26% to $6.96 on heavy volume, capitalizing on massive short interest that traders see as a potential catalyst for further upside. Options markets are pricing in conviction, with call-to-put ratio hitting 7.30 and heavy clustering around $7.00–$7.50 strikes expiring mid-July. The LivePerson acquisition remains a headwind amid valuation concerns, but analysts flagging 100%-plus upside and commercial market expansion in telecom and energy are attracting fresh bullish flow. Watch $7.00 as near-term technical support.

Qualcomm jumped 5.8% to $186.48 today as reports surfaced of advanced talks to acquire AI infrastructure firm Modular for ~$4 billion, expanding its software and AI capabilities amid a broader semiconductor rally. The options market is pricing in further upside: call volume surged with a 1.92 call/put ratio, with heavy concentration in $200 and $220 strikes expiring July 10—both out-of-the-money bets signaling trader conviction. Watch the $200 level as near-term resistance; a break above opens $215–$220 territory.

Marathon Digital Holdings jumped 4.44% to $12.95 on renewed optimism around its AI infrastructure strategy, supported by the Starwood Capital partnership and Citizens JMP's $24 price target. Options traders are aggressively buying calls, with a 3.04 call-to-put ratio and heavy volume in $14.00–$14.50 strike calls expiring July 2026, signaling conviction in a sustained rally. The stock trades near the midpoint of its 52-week range; a break above $14.50 would target the prior $23.45 high.

Robinhood jumped 4.28% to $117.55 after consumer confidence edged higher to 91.2 in June, bolstering retail trading sentiment. The fintech platform is benefiting from fresh tailwinds: government-backed Trump Accounts launched with child savings potential, AI-agent trading features expanding, and CEO Vlad Tenev signaling Bitcoin integration into the accounts—positioning HOOD at the intersection of retail, crypto, and policy. Options traders are betting higher, with a 9.30 call-to-put ratio and heavy concentration in $120 calls expiring mid-July, suggesting conviction above current levels.

Morgan Stanley jumped 3.82% to $222.10 on optimism around banking sector fundamentals, with JPMorgan flagging stronger investment banking and trading revenues ahead of next week's earnings blitz. The options market shows mixed conviction—call volume concentrates around $200 and $195 strikes (2026 expiry), while put support clusters at $210 and $175, suggesting traders are bracing for volatility near-term. Watch $230.47, the 52-week high, as a near-term resistance cap; a break above could signal momentum continuation.