Options Market Statistics (1/4): Options Traders Are Betting on a Big Move in Tesla Stock

Options Newsman wrote a column · Jan 4, 2023 22:34

Stocks looked set for a modest recovery Wednesday after starting the new trading year on a downbeat note.

Futures for the S&P 500 added 0.5% while futures for the Dow Jones Industrial Average rose 0.4%. Futures for the tech-focused Nasdaq-100 gained 0.7%.

News Highlights

There are no "substantive" settlement discussions under way between the Biden administration and $Microsoft (MSFT.US)$ to resolve a legal dispute over the Xbox maker's $69 billion bid for $Activision Blizzard (ATVI.US)$ , a Federal Trade Commission attorney said on Tuesday.

$Tesla (TSLA.US)$ plunged another 12%, with option volume of nearly 3.52 million. The $100 and $110 put options expiring this week were heavily traded, with a contract volume of 145,000 and 120,000, respectly.

$Amazon (AMZN.US)$ said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan. The company rose over 2%, with option volume of nearly 820,000 and calls accounted for 52.2%.

$Apple (AAPL.US)$ plunged nearly 4% yesterday, with option volume of nearly 1.84 million and puts accounted for 55.7%.

Options Market Statistics (1/4): Options Traders Are Betting on a Big Move in Tesla Stock

Unusual Stock Options Activity

Source: Benzinga, Dow Jones, CNBC

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