Options Market Statistics: Investors Cheered Tesla's Long-Awaited FSD Update; Options Pop
News Highlights
1. $Tesla (TSLA.US)$ stock rose more than 3% in Monday's trading, with the most traded calls are contracts of $360 strike price that expire on Dec. 6. The total volume reaches 122,601 with the open interest of 44,139
Investors cheered the long-awaited update to electric-vehicle giant's Full Self-Driving software.
The "significant" potential from Tesla's artificial intelligence-based FSD offering, which fuels Chief Executive Elon Musk's Robotaxi dreams, led Stifel analyst Stephen Gengaro to lift his stock price target to be the highest on Wall Street.
Also, a Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk's multibillion-dollar pay package
Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla's corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package.
Unusual Stock Options Activity
There was a noteworthy activity in $Super Micro Computer (SMCI.US)$, with $42 puts topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 165.5x with 17,546 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
BloombergOption Volume: [Options Notes]Measuring liquidity: two key indicators to check
Call/Put Option: Trade Options: Quickstart Guide
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Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile
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Adrianlim90 : 1