Options Market Statistics: Pfizer's Options Pop After $43B Seagen Deal Approved
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$Tesla (TSLA.US)$ shares fell by 1.14%, closing at $237.01. Its options trading volume is 1.51 million. Call contracts account for 60.7% of the whole trading volume.
$Advanced Micro Devices (AMD.US)$ shares rose by 2.38%, closing at $137.61. Its options trading volume is 1.27 million. Call contracts account for 67.6% of the whole trading volume.
On December 7, 2023, semiconductor chip powerhouse Advanced Micro Devices unveiled its newest line of chips designed for the artificial intelligence market, known as the Instinct MI300X APU (Accelerated Processing Unit). AMD claims that the MI300X will offer computing speeds up to 1.6 times faster than Nvidia's current H100 HGX chip. Furthermore, AMD anticipates that these new chips will enable the company to capture a significant portion of the $400 billion total addressable market for AI chips, currently dominated by Nvidia with about 90% market share.
$Pfizer (PFE.US)$ shares fell by 0.21%, closing at $28.58. Its options trading volume is 0.25 million. Call contracts account for 63.2% of the whole trading volume.
Pfizer said on Tuesday it expects to close its $43 billion deal to buy cancer drugmaker $Seagen (SGEN.US)$ later this week and plans to create a new oncology division that includes the acquisition early next year.
Pfizer also said Chief Commercial Officer Angela Hwang would step down, and that it will split the its commercial business, not including oncology, into two divisions, one focused on the United States and the other on the rest of the world.
The company said it will unveil its 2024 forecast and hold a conference call on its new structure on Wednesday.
Unusual Stock Options Activity
Some notable put activity is being seen in $Advanced Micro Devices (AMD.US)$, which is primarily being driven by activity on the Dec 15th 136.00 put. Volume on this contract is 23,452 versus open interest of 425.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC, Reuters
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