Options Market Statistics: Palantir Reports Q2 Earnings In Line With Estimates, Options Pop
News Highlights
$Apple(AAPL.US$ shares fell by 1.73%, closing at $178.85. Its options trading volume is 1.83 million. Call contracts account for 59.0% of the whole trading volume. The most traded calls are contracts of $180 strike price that expire on August 11th. The total volume reaches 110,885 with an open interest of 3,652. The most traded puts are contracts of a $177.5 strike price that expires on August 11th; the volume is 73,508 contracts with an open interest of 6,839.
Shares of Apple continued their post-earnings plunge on Monday, falling 1.7% despite a rebound in the broader market. The tech giant has now lost over $200 billion in market cap in less than a week, its worst five-day session since November 2022.
$AMC Entertainment(AMC.US$ shares rose by 3.85%, closing at $5.12. Its options trading volume is 0.54 million. Call contracts account for 38.7% of the whole trading volume. The most traded calls are contracts of $10 strike price that expire on August 18th. The total volume reaches 28,787 with an open interest of 271,211. The most traded puts are contracts of a $4 strike price that expires on August 18th; the volume is 34,580 contracts with an open interest of 315,672.
Leading movie theater company AMC Entertainment Holdings is set to report second-quarter financial results after the market close Tuesday.
Analysts see the company reporting a loss of 5 cents per share for the second quarter. The company reported a loss of 20 cents per share in the second quarter of the last fiscal year and reported a loss of 13 cents in the first quarter of the current fiscal year.
AMC has beat EPS estimates from analysts in the last three quarters and beat estimates in seven of the last eight quarters.
$Palantir(PLTR.US$ shares fell by 1.15%, closing at $17.99. Its options trading volume is 1.07 million. Call contracts account for 60.8% of the whole trading volume. The most traded calls are contracts of $20 strike price that expire on August 11th. The total volume reaches 53,947 with an open interest of 29,709. The most traded puts are contracts of a $15 strike price that expires on August 11th; the volume is 42,365 contracts with an open interest of 6,374.
Palantir matched expectations with its latest quarterly results Monday while announcing a new $1 billion buyback authorization.
The software company posted its third quarter in a row of GAAP profitability, recording second-quarter net income of $28 million, or 1 cent a share, whereas Palantir racked up a net loss of $179.3 million, or 9 cents a share, in the year-earlier period. Analysts tracked by FactSet were modeling GAAP earnings per share of 1 cent.
Palantir logged adjusted earnings per share of 5 cents, in line with the FactSet consensus.
Revenue rose to $533 million from $473 million and also met the FactSet consensus. The company notched $232 million in commercial revenue, up 10% from a year before, along with $302 million of government revenue, up 15%.
Unusual Stock Options Activity
There were noteworthy activities in $Tesla(TSLA.US$ where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 79.68x with 52,668 contracts.
Daily Active Index & Sector ETF Options
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
Comment
Sign in to post a comment
Moomoo News Official Account
Empower your trading with options news and insights. Stay informed, make better decision, trade wiser. Not an advisor
12KFollowers
14Following
22KVisitors
Follow