Stocks traded lower to start the month, as investors awaited readouts on the health of the U.S. manufacturing sector.
S&P Global and the Institute for Supply Management are set to release their February surveys measuring U.S. manufacturing activity at 9:45 a.m. ET and 10 a.m., respectively.
News Highlights
$Tesla (TSLA.US)$is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan, according to Refinitiv. Tesla shares fell nearly 1% on Tuesday, with option volume of nearly 1.61 million, and calls accounted for 62.5% of the volume. The 210 and $220 calls expiring March 17 were traded most actively.
$AMC Entertainment (AMC.US)$shares fell more than 6% on Tuesday, with option volume of nearly 1.19 million, and calls accounted for 52.4% of the volume. The 8.00 calls expiring were traded most actively.
$Luminar Technologies (LAZR.US)$shares rose nearly 1% yesterday, with option volume of 450,000, tripling the average daily volume, and calls accounted for 87.9%. The 8.00 and 12.00 calls expiring this Friday were traded most actively.
Rivian shares are trading lower following mixed Q4 results. The company also said it sees supply chain issues continuing into 2023.$Rivian Automotive (RIVN.US)$shares rose yesterday on Tuesday, with option volume of 270,000, nearly tripling the average daily volume, and calls accounted for 62.5%.
Unusual Stock Options Activity
Source: Benzinga, Dow Jones, CNBC
Disclaimer: Options trading entails significant risk and is not appropriate for all investors. Certain complex option strategy carry additional risk. Before trading options, please readCharacteristics and Risks of Standardized Option.This article is for information and illustrative purposes only, and is not a promotion of option trading or a recommendation of any of the specific option mentioned above.
Source: Benzinga, WSJ
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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