Options Market Statistics: Microsoft Stock Drops After OpenAI's Altman Departs as CEO, Options Pop
News Highlight
$Tesla (TSLA.US)$ shares rose by 0.30%, closing at $234.30. Its options trading volume is 3.61 million. Call contracts account for 52.4% of the whole trading volume.
$Microsoft (MSFT.US)$ shares fell by 1.68%, closing at $369.85. Its options trading volume is 0.74 million. Call contracts account for 60.9% of the whole trading volume.
OpenAI said Friday that Sam Altman is no longer its chief executive, with the ChatGPT parent adding that said Altman had not been "consistently candid in his communications with the board."
Shares of $Microsoft (MSFT.US)$, an early investor in OpenAI that has been working to embed the artificial-intelligence company's technology into its products, fell 1.68% after the news of Altman's exit. The stock dropped a further 0.9% in the extended session Friday.
$Palantir (PLTR.US)$ shares rose by 3.64%, closing at $20.49. Its options trading volume is 0.50 million. Call contracts account for 75.0% of the whole trading volume.
Unusual Stock Options Activity
Some notable call activity is being seen in $Plains GP Holdings (PAGP.US)$, which is primarily being driven by activity on the Dec 15th 16.00 call. Volume on this contract is 15,140 versus open interest of 154.
Source: Benzinga, Dow Jones, CNBC
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