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Options Market Statistics: Dell Stock Sinks After Worse-Than-Expected Forecasts; Options Pop

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Options Newsman wrote a column · Nov 28, 2024 09:07
News Highlights
1. $Dell Technologies (DELL.US)$ stock sinks 12% in Wednesday's trading, with the most traded puts are contracts of $120 strike price that expire on Nov. 29. The total volume reaches 13,790 with the open interest of 2,698
The company took a cautious approach to its forecast for investors while warning that AI growth "will not be linear."
"AI is a robust opportunity … and interest in our portfolio is [at] an all-time high with no signs of slowing down," Dell COO Jeffrey Clarke said during a call with investors Tuesday night. "That said, this business will not be linear, especially as customers navigate an underlying silicon road map that is changing."
Options Market Statistics: Dell Stock Sinks After Worse-Than-Expected Forecasts; Options Pop
2. $Super Micro Computer (SMCI.US)$ shares were up nearly 2%. The most traded puts are contracts of $36 strike price that expire on Nov. 29. The total volume reaches 23,854 with the open interest of 11,278, while the most traded puts are contracts of $35 strike price that expire on Nov. 29.
Super Micro Computer has ended loan agreements with two banks as recent amendments to those pacts made them more burdensome. The move frees up some cash, and removes restrictions tied to the embattled server maker' late filing of audited financial statements.
Options Market Statistics: Dell Stock Sinks After Worse-Than-Expected Forecasts; Options Pop
Options Market Statistics: Dell Stock Sinks After Worse-Than-Expected Forecasts; Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $Apache (APA.US)$, with $22.5 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 83.8x with 11,309 contracts.
Options Market Statistics: Dell Stock Sinks After Worse-Than-Expected Forecasts; Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: Dell Stock Sinks After Worse-Than-Expected Forecasts; Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Optionsbefore engaging in any options trading strategies. Opening new options positions close to or on their expiration date comes with substantial risk of losses for reasons that include potential volatility of the underlying security and limited time to expiration. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including i potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.
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