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Options Market Statistics: Tesla Stock Surges to Its 10th Straight Gain, Options Pop

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Options Newsman wrote a column · Jun 9, 2023 09:02
News Highlights
$Tesla (TSLA.US)$ shares rose by 4.58%, closing at $234.86. Its options trading volume is 3.12 million, 0.17 million more than the volume on Wednesday. Call contracts account for 60.1% of the whole trading volume. The most traded calls are contracts of $235 and $230 strike price that expire on June 9th. The total volume reaches 212,588 with an open interest of 23,624. The most traded puts are contracts of a $230.00 strike price that expires on June 9th; the volume is 146,603 contracts with an open interest of 6,496.
Tesla has reportedly asked suppliers to meet a base production volume of 375,000 Cybertrucks a year, the Electrek news website reported Thursday, citing communications sent to suppliers.
Tesla shares were up 5.04% at $246.69 after hours as $General Motors (GM.US)$ announced that it will integrate the North American Charging Standard (NACS) connector design into its EVs beginning in 2025, which will expand access to charging for GM EV drivers at 12,000 Tesla Superchargers stations.
$Carvana (CVNA.US)$ shares soared 56.02%, closing at $24.23. Its options trading volume is 0.77 million Call contracts account for 66.0% of the whole trading volume. The most traded calls are contracts of $20 strike price that expire on June 9th. The total volume reaches 39,082 with an open interest of 5,334. The most traded puts are contracts of a $18.00 strike price that expires on June 9th; the volume is 18,296 contracts with an open interest of 149.
Carvana said in a press release Thursday that it now anticipates to achieve second-quarter adjusted Ebitda, or earnings before interest, taxes, depreciation and amortization, of above $50 million, better than analysts'. forecasts.
$GameStop (GME.US)$ shares dropped by 17.89%, closing at $21.44. Its options trading volume is 0.36 million Call contracts account for 61.2% of the whole trading volume. The most traded puts are contracts of a $20.00 strike price that expires on June 9th; the volume is 16,462 contracts with an open interest of 7,714. The most traded calls are contracts of $22 strike price that expire on June 9th. The total volume reaches 10,388 with an open interest of 250.
$GameStop(GME.US)$ stock fell through some key levels of support on Thursday, the day after the company announced a CEO firing and disappointing results.
Options Market Statistics: Tesla Stock Surges to Its 10th Straight Gain, Options Pop
Unusual Stock Options Activity
There were noteworthy activities in $Carvana (CVNA.US)$ where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 100x with 21,493 contracts.
Options Market Statistics: Tesla Stock Surges to Its 10th Straight Gain, Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: Tesla Stock Surges to Its 10th Straight Gain, Options Pop
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 read Characteristics 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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