RGTI
Rigetti Computing
-- 16.9700 TSLA
Tesla
-- 434.598 LAES
SEALSQ Corp
-- 8.881 NVDA
NVIDIA
-- 135.950 KULR
KULR Technology
-- 4.6418 
Options Market Statistics: Rivian Jumps After Tesla Reaches Conditional Settlement in Poaching Suit; Options Pop
News Highlights
1. $Rivian Automotive (RIVN.US)$ stock was surging 13% in Monday's trading session, whe most traded calls are contracts of $12 strike price that expire on Nov. 29. The total volume reaches 48,617 with an open interest of 10,032.
Tesla said it reached a conditional settlement in its 2020 lawsuit against Rivian in which the Elon Musk-led company accused Rivian of poaching Tesla employees to get ahold of its EV trade secrets.
Besides, in a statement on Monday morning, Gov. Gavin Newsom of California said that he will propose creating a new version of California's Clean Vehicle Rebate Program, or CVRP, if Trump follows through on his plan to eliminate federal tax credits for EV buyers.
The federal tax credits can provide up to $7,500 for buyers of certain new EVs. Two researchers, Joseph Shapiro of the University of California at Berkeley and Felix Tintelnot of Duke University, both of whom study the effects of environmental incentives, estimate that the elimination of the tax credits could cut U.S. demand for EVs by 27%.
Unusual Stock Options Activity
There was a noteworthy activity in $Target (TGT.US)$, with $137 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 210.5x with 27,368 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
Option Expiration: Trade Options: Quickstart Guide
Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile
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