Most Active Stock Options (12/5): XPeng and Nio Are Experiencing Unusually High Option Volume

Options Newsman wrote a column · Dec 5, 2022 22:29

Stock futures fell ahead of data on service-sector activity and factory output while oil prices rose as new sanctions on Russian energy took effect.

Stocks in Hong Kong and mainland China jumped. Local Chinese authorities took more steps to ease strict public health policies that have crimped the country's growth.

New stocks today (compared to previous column): $XPeng (XPEV.US)$ , $NIO Inc (NIO.US)$, with stock options volume increasing.

News Highlights

XPeng rose nearly 15%, and Nio rose nearly 7% before the market opened on Tuesday. Options volume was 520,000, and 470,000, and call options accounted for 58%, and almost 72%, respectively for the two Chinese EV maker.

On Monday Bloomberg reported that $Tesla(TSLA.US)$ will cut December Model Y production at its Shanghai plant in China by 20% compared with November, citing people with knowledge of the production schedule.

Amazon Web Services has been $Amazon (AMZN.US)$ most significant growth engine over the past decade, taking business from some of the most prominent tech vendors worldwide. As fear of recession looms, companies are scrambling to reduce costs and be lean. Cloud computing expenses are one area where corporates are tightening budgets, CNBC reports.

$Apple (AAPL.US)$ is looking to quickly reduce its iPhone production exposure to China, Wall Street Journal reported over the weekend.

Most Active Stock Options (12/5): XPeng and Nio Are Experiencing Unusually High Option Volume

Source: Benzinga, Dow Jones, CNBC

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