$Tesla (TSLA.US)$shares lowered 5.85% yesterday, with option volume of nearly 2.91 million, and calls accounted for 58.1% of the volume. The 190.00 calls and puts expiring Friday were traded most actively, signaling drastic volatility ahead.
The proposed factory in Mexico will likely come up in record time, beating the previous record set by the Giga Shanghai factory in China, Samuel Garcia, Governor of the Nuevo León, reportedly said, citing Tesla executive Tom Zhu.
$Apple (AAPL.US)$shares edged higher by 0.41%, with option volume of nearly 770,000, and calls accounted for 56.7% of the volume. The 145 calls expiring Friday were traded most actively at a volume of 50,857.
Morgan Stanley analyst Erik Woodring maintains Aple with a Overweight and raises the price target from $175 to $180.
Nvidia shares edged higher by 2.71%, with option volume of nearly 710,000, and puts accounted for 60% of the volume. The 225 and 220 puts expiring Friday lead the with the highest volume.
Raymond James believes several semiconductor stocks are attractive buying opportunities to benefit from an industry turnaround.
Silvergate Capital shares plummet 57.72%, with volume nearly 5x normal at nearly 530,000 contracts, and puts accounted for 74% of the volume. The 5.00 puts expiring on the March 17th were traded most actively.
Silvergate Capital said in a regulatory filing Wednesday that it would not be filing its audited 2022 annual report on time and it is evaluating a series of events' impact on its ability to continue as a going concern.
Unusual Stock Options Activity
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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