Options Market Statistics (3/8): Nikola Attracts High Volume of Bearish Bets
News Highlights
$Tesla(TSLA.US$ shares edged lower by 1.45%, with option volume of nearly 1.91 million, and calls accounted for 54.8% of the volume. The 200.00 calls and 190.00 puts expiring Friday lead the flow with a volume of 122,708 and 112,312, respectively.
U.S. auto-safety regulators opened an investigation into Tesla Inc.'s Model Y SUV after receiving two reports that the steering wheel of 2023 models had detached while driving.
$Apple(AAPL.US$ shares fell by 2.52%, with option volume of nearly 0.88 million, and puts accounted for 50.5% of the volume. The 150.00 calls and 155.00 puts expiring Friday lead the flow with a volume of 80,445 and 62,546, respectively.
Apple disclosed a new yellow iPhone 14 and iPhone 14 Plus, adding more color choices to the spring lineup.
$Nikola(NKLA.US$ shares fell by 5.34%, with option volume of nearly 0.46 million, and puts accounted for 71.5% of the volume. The 2.00 puts expiring Friday lead the flow with a volume of 123,400.
$Rivian Automotive(RIVN.US$ tumbled by 14.54%, with option volume of nearly 0.33 million, and calls accounted for 52.4% of the volume. The 15.00 puts expiring Friday lead the flow with a volume of 17,718.
Rivian announced late on Monday that it intends to offer $1.3 billion worth of green convertible senior notes due 2029 in a private placement to qualified institutional buyers. This apart, the company has granted the initial purchasers of the notes an option to buy up to an additional $200 million worth of notes.
Unusual Stock Options Activity
There was a noteworthy activity in $Rivian Automotive(RIVN.US$ , where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 143x with nearly 21,533 contracts.
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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IAmNikolaTesla : I always attract high volume