Options Market Statistics (3/10): Traders Purchase Large Volume of Puts on Silvergate Capital
News Highlights
$Apple(AAPL.US$ shares edged lower by 1.49%, with option volume of nearly 0.98 million, and calls accounted for 50.4% of the volume. The 155.00 calls and 150.00 puts expiring Friday lead the flow with a volume of 95,857 and 69,164, respectively.
Apple is restructuring the management of its overseas businesses with a more significant focus on India. The iPhone maker looks to make India its own sales region following a demand surge in the country.
$Bank of America(BAC.US$ shares dropped by 6.20%, with option volume of nearly 0.86 million, and calls accounted for 57.5% of the volume. The 34.00 calls expiring Friday lead the flow with a volume of 61,760.
The broader banking sector was experiencing marked weakness during Thursday's session amid SVB Financial Group announcing it is seeking over $2 billion in additional funding.
$Coinbase(COIN.US$ shares dropped by 7.81%, with option volume of 0.36 million, quadrupling the average daily volume, and puts accounted for 63.9%.
Coinbase Global, Inc launched Wallet as a Service (WaaS), a scalable and secure set of wallet infrastructure APIs, enabling companies to create and deploy fully customizable on-chain wallets to their end users.
$Silvergate Capital(SI.US$ shares tumbled by 42.16%, with option volume of 0.36 million. Puts are outnumbering calls at 2:1 ratio.
Silvergate Capital Corp. shares were falling on Thursday trading after announcing Wednesday that it will voluntarily liquidate, owing to the crypto collapse.
Unusual Stock Options Activity
There was a noteworthy activity in $Silvergate Capital(SI.US$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 160x with nearly 9,080 contracts.
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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