Options Market Statistics: Meta Shares Rise as Q2 Revenue Beats Estimates, Options Pop

$NVIDIA (NVDA.US)$ stock rose 12.81%. Its options trading volume was 5.55 million. Call contracts account for 59% of the total trading volume. The $115 calls expiring August 2nd were traded most actively.

$Meta Platforms (META.US)$ stock rose 2.51%. Its options trading volume was 0.39 million. Call contracts account for 56.4% of the total trading volume. The $470 puts expiring August 2nd were traded most actively.

Meta Platforms, the parent company of Facebook and Instagram, exceeded market expectations for Q2 revenue and issued a positive sales forecast for Q3, easing concerns over its AI and metaverse investment costs. Q2 revenue rose 22% to $39.1 billion, surpassing analysts' forecasts of $38.3 billion. Meta anticipates Q3 revenue between $38.5 billion and $41 billion, with a midpoint above consensus estimates. Despite a 7% increase in costs, Meta's operating margin improved from 29% to 38%. Daily active users across Meta's apps grew 7% year-over-year to 3.27 billion in June. Meta increased its full-year AI-related capital expenditure forecast to $37-40 billion, up from $35-40 billion. Following the results, Meta shares rose over 7% in after-hours trading. This comes as Meta, alongside $Alphabet-A (GOOGL.US)$ and $Microsoft (MSFT.US)$, continues to invest heavily in AI and data centers. Meta also launched its open-source large language model, Llama 3, aiming to compete with Microsoft-backed OpenAI.

$SoFi Technologies (SOFI.US)$ stock rose 1.62%. Its options trading volume was 0.35 million. Call contracts account for 79.1% of the total trading volume. The $7 puts expiring August 2nd were traded most actively.

There was a noteworthy activity in $Microsoft (MSFT.US)$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 97.2x with 30,047 contracts.

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