Options Market Statistics: Rivian's Stock Turns Higher After EV Maker Raises Production Guidance, Options Pop
News Highlights
$NVIDIA(NVDA.US$ shares fell by 1.66%, closing at $446.64. Its options trading volume is 0.74 million. Call contracts account for 54.5% of the whole trading volume. The most traded calls are contracts of $450 strike price that expire on August 11th. The total volume reaches 39,289 with an open interest of 7,587. The most traded puts are contracts of a $440 strike price that expires on August 11th; the volume is 35,215 contracts with an open interest of 8,398.
On Tuesday, August 8, EST, Nvidia released the next-generation GH200 Grace Hopper platform. The platform is based on the new Grace Hopper superchip (hereinafter referred to as GH200) equipped with the world's first HBM3e processor, built specifically for the era of accelerated computing and generative AI.
The new platform is designed to handle the world's most complex generative AI workloads, encompassing large language models, recommendation systems, and vector databases, and will be available in a variety of configurations. According to Nvidia, the GH200 will be put into production in the second quarter of 2024.
$Rivian Automotive(RIVN.US$ shares fell by 2.14%, closing at $24.8. Its options trading volume is 0.38 million. Call contracts account for 63.9% of the whole trading volume. The most traded calls are contracts of $25 strike price that expire on August 11th. The total volume reaches 18,414 with an open interest of 6,267. The most traded puts are contracts of a $20 strike price that expires on August 11th; the volume is 19,846 contracts with an open interest of 30,510.
Rivian Automotive Inc. shares rose in the extended session Tuesday after the EV maker reported a narrower-than-expected quarterly loss, revenue that beat Wall Street expectations, and called for higher production numbers this year.
$Microsoft(MSFT.US$ shares fell by 1.23%, closing at $326.05. Its options trading volume is 0.35 million. Call contracts account for 58.1% of the whole trading volume. The most traded calls are contracts of $330 strike price that expire on August 11th. The total volume reaches 17,846 with an open interest of 7,913. The most traded puts are contracts of a $320 strike price that expires on August 11th; the volume is 13,166 contracts with an open interest of 4,074.
Microsoft is bringing its AI-powered Bing Chat to mobile browsers soon. While Bing Chat has been available in separate Android and iOS mobile apps since late February, Microsoft is opening it up to all mobile browsers as part of the broader changes to stop blocking Bing Chat on third-party browsers.
Unusual Stock Options Activity
There were noteworthy activities in $AT&T(T.US$ where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 146.4x with 19,028 contracts.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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