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Options Market Statistics: Advanced Micro Devices Takes the Lead in Unusual Options Activity

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Options Newsman wrote a column · May 16, 2023 19:01
News Highlights
Major stocks indexes fell on Tuesday despite support from growth stocks. Shares of companies in most industries traded lower with debt-ceiling negotiations remaining at a standstill.
$Tesla (TSLA.US)$ shares edged up 0.10%, with option volume of 1.32 million, and calls accounted for 53.9%. The 170.00 calls expiring Friday lead the flow with a volume of 140,311.
$Tesla (TSLA.US)$ Inc. Chief Executive Elon Musk said late Tuesday on the annual meeting that he foresees "a year of difficulty" for the global economy, with "lots of companies" going bankrupt, and said that the EV maker will not be immune to the downdraft, even as he teased two new products for Tesla in the future.
The executive also surprised the audience by saying that Tesla, which famously has eschewed traditional advertising, will now do it. "We will try advertising and see how it goes," he said.
$AMC Entertainment (AMC.US)$ shares were down 3.50%, with option volume of 0.31 million, and puts accounted for 50.6%. The 10.00 calls and 10.00 puts expiring Friday lead the flow with a volume of 39,116 and 38,702, respectively.
AMC Entertainment Holdings Inc. and the pension fund leading litigation over its APE preferred units are fighting requests by retail investors for access to confidential files related to the company's controversial stock conversion plan.
The two sides filed court briefs Tuesday opposing motions seeking internal AMC documents—produced under seal over the course of the case—by shareholders who say they're weighing whether to oppose a nine-figure class action settlement that would end the blockbuster legal battle.
$Horizon Therapeutics (HZNP.US)$ shares declined by 14.17%, with option volume of 0.25 million, eleven times its 30-day average volume, and puts accounted for 76.2%.
Shares of the biotech firm fell 14.17% after the Federal Trade Commission sued to block the company's acquisition by biopharmaceutical giant Amgen . The deal, worth $27.8 billion, was meant to strengthen Amgen's drug portfolio as it faces several patent expirations over the next decade for key treatments.
Options Market Statistics: Advanced Micro Devices Takes the Lead in Unusual Options Activity
Unusual Stock Options Activity
There were noteworthy activities in $Advanced Micro Devices (AMD.US)$ , where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 104x with 34,039 contracts.
Options Market Statistics: Advanced Micro Devices Takes the Lead in Unusual Options Activity
Daily Active Index & Sector ETF Options
Options Market Statistics: Advanced Micro Devices Takes the Lead in Unusual 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. Read more
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