Options Market Statistics: Credit Suisse Plunge Sends Traders Flocking to its U.S-listed Options
Fallout from the banking storm whipsawed stocks, bonds and commodities Wednesday as investors fled to the relative safety of the U.S. Treasury market. Credit Suisse led a rout in European banking shares and U.S. stocks before Swiss regulators offered to shore up the bank, stoking a rebound.
News Highlights
$Tesla(TSLA.US$ shares edged lower by 1.53%, with option volume of 1.82 million, and puts accounted for 51.4%. The 180.00 calls expiring Friday lead the flow with a volume of 143,118.
$Amazon(AMZN.US$ shares edged higher by 1.39%, with option volume of 0.96 million, and puts accounted for 53.9%. The 130.00 puts expiring Friday lead the flow with a volume of 53,872.
Amazon is starting to make satellites for its Project Kuiper satellite-internet constellation based on data it already has in hand, according to Dave Limp, a senior vice president at the company.
$Credit Suisse(CS.US$ shares tumbled by 13.94%, with option volume of 0.84 million, more than 13 times its 30-day average volume, and puts accounted for 58.8%.
On Tuesday, Credit Suisse said in its annual report that it had material weaknesses in financial controls. Credit Suisse has lost money for five straight quarters, and its wealthy clients in the fourth quarter withdrew about $100 billion from the bank. Worries over the future of the embattled Swiss bank hammered its shares and added to concerns about instability in the financial sector.
$Alibaba(BABA.US$ shares edged dropped by 2.79%, with option volume of 0.51 million, and puts accounted for 66.0%. Puts are out numbering calls at 2:1 ratio.
Shares of several companies in the broader consumer discretionary sector are trading lower after the Saudi National Bank said it could not provide more funding or increase its stake in Credit Suisse, which has added to fears of instability in the banking sector.
Unusual Stock Options Activity
There was a noteworthy activity in $Credit Suisse(CS.US$ , where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 265x with nearly 28,351 contracts.
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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