Options Market Statistics: Coinbase Shares Surge on Earnings Beat, Options Pop
News Highlights
$Coinbase (COIN.US)$ shares rise by 15.44%, closing at $191.25. Its options trading volume is 0.65 million. The most traded calls are contracts of $160 strike price that expire on Feb 16th. The total volume reaches 11,548 with an open interest of 6,828. The most traded puts are contracts of a $150 strike price that expires on February 16th; the volume is 5,255 contracts with an open interest of 2,144.
Coinbase Global surpassed Wall Street forecasts with strong Q4 earnings of $1.04 per share and revenue of $905 million, a significant increase from a $2.46 loss per share and $605 million in sales year-over-year. The company expressed confidence in its financial strength and future opportunities in a shareholder letter.
$Super Micro Computer (SMCI.US)$ shares fall by 12.05%, closing at $883.01. Its options trading volume is 0.98 million. The most traded calls are contracts of $1000 strike price that expire on Feb 16th. The total volume reaches 15,018 with an open interest of 2,952. The most traded puts are contracts of a $800 strike price that expires on February 16th; the volume is 13,253 contracts with an open interest of 678.
Wells Fargo analyst Aaron Rakers initiated coverage on Supermicro with an "equal weight" rating and a $960 price target, below today's opening price of $1,045 per share. Despite acknowledging the company's strong performance catalysts, the lower target may have prompted the day's sell-off.
Unusual Stock Options Activity
Some notable put activity is being seen in $Patterson-UTI Energy (PTEN.US)$, which is primarily being driven by activity on the March 15th Puts. Volume on this contract is 35,160 versus open interest of 304.
For all the mooers in Singapore, you can now lower your options commssions with our new campaign. Come check the link: US Stock Option.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, Barron's, The Motley Fool
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.
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
17KFollowers
14Following
41KVisitors
Follow
win-win : Ok
Malik ritduan : ok