Meta, Microsoft Join Nvidia, Tesla in List of Most Active Stock Options After Earnings
$Meta Platforms (META.US)$ and $Microsoft (MSFT.US)$ joined $NVIDIA (NVDA.US)$ and $Tesla (TSLA.US)$ in the list of the most actively traded stock options after delivering quarterly results that fanned concerns over artificial intelligence spending.
Facebook parent Meta saw a mix of bullish and bearish unusual option trades adding to Thursday's volume. The biggest of those positions involved an active buyer paying a premium of $5.72 million to purchase put options that give the holder the right to sell 489,000 shares at $565 by Nov. 22.
Shares of the social media giant declined 3.8% to $569 at 12:28 p.m. in New York Thursday after the company raised the lower end of its full year capital expenditures guidance and flagged "a significant acceleration in infrastructure expense growth next year."
The decline in the share price pushed many of its call options expiring tomorrow out-of-money. That took total volume for both put and call options to 487,610 contracts so far, more than 60% above the 20-day. average.
In the case of Microsoft, bulls are undeterred by the stock's 5.3% slump. Shares declined after the company forecast late Wednesday that revenue growth for Azure could slow to 31% to 32% in the quarter ending in December, from 33% in the three months ended Sept. 30. Analysts had been optimistic that the company's artificial intelligence rollout could help accelerate growth for its cloud business.
The biggest of the bullish Microsoft positions posted Thursday morning involved an active buyer paying a $40.2 million premium for call options that give the holder the right to buy 1.1 million shares at $390 by Feb. 21, 2025.
The bullish outlook mirrors the positive sentiment among analysts who cover the stock. About 90% of them have a buy rating on the stock, with an average price target of $497.18, implying an upside potential of more than 20%.
Has the decline in Microsoft and Meta shaken investors' confidence, or do you expect these stocks to rebound quickly? Share your thoughts in the comments section and vote below.
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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NoDragonsPlz : yay. I love watching the market go down
72075125 : Hello everyone, what did I miss?
RVLTN : Shit companies that should’ve been broken up a long time ago - so any day now would benefit us all. With no fear of any spine in DC, Bill ‘out of control’ Gates is interconnecting everything then forcing it on us with no way around.
Meta is just or needed so if you all would get off Facebook and realize you are giving away your actions, tastes, conversations, activity online and in life- all just handed over which they then use for AI but also they sell it making billions.
Worthless, censoring scum led by a dweeb
We take control of our own data and we lease it to them if we wish, no more free collection of ALL of our lives - share with guv buddies then sell it over and over, no more. Abandon Facebook
Jamesjinlin RVLTN : 川普的粉丝，一肚子牢骚。没有别的本事。