Options Market Statistics (1/5): Traders Rush to Stock-Options Bets on Alibaba
U.S. stock futures fell Thursday, while the dollar advanced and bond yields rose, as strong labor-market data bolstered the case for the Federal Reserve to remain tough.
Futures tied to the S&P 500 fell 0.5%. Dow Jones Industrial Average futures and Nasdaq-100 futures declined 0.6% and 0.5%, respectively.
News Highlights
Amazon.com layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. $Amazon(AMZN.US$ fell 0.79% yesterday, with option volume of 1.48 million and puts accounted for over 70%.
Tesla delivered 55,796 China-made electric vehicles in December, the lowest level in five months, according to data from the China Passenger Car Association (CPCA). $Tesla(TSLA.US$ surged over 5%, with option volume of nearly 3.29 million and puts accounted for 60%.
$Alibaba(BABA.US$ jumped nearly 13%, with option volume of nearly 880,000, nearly tripling the daily average. Shares of several Chinese companies are trading higher Wednesday after Chinese regulators reportedly approved a capital raise for Alibaba co-founder Jack Ma's Ant Group.
Unusual Stock Options Activity
Source: Benzinga, Dow Jones, CNBC
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