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Options Market Statistics: Salesforce Stock Tanks On Weak Guidance, Options Pop

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Options Newsman wrote a column · May 30 19:41
News Highlights
$Tesla(TSLA.US)$ shares ended 1.48% higher. Its options trading volume was 2.27 million. Call contracts account for 64% of the total trading volume. The $180 calls expiring May 31 were traded most actively.
Tesla wrote a detailed letter to shareholders on Wednesday, responding to a report by proxy advisory firm Glass Lewis on Musk's 2018 pay package, which remains under dispute six years after it was originally agreed on. The investor group on Saturday released a report saying Musk's pay deal is "excessive" and cited the "dilutive impact" on current shareholders. Glass Lewis also opposed Tesla's proposal to reincorporate in Texas from Delaware.
Options Market Statistics: Salesforce Stock Tanks On Weak Guidance, Options Pop
$Salesforce(CRM.US)$ shares ended 19.74% lower. Its options trading volume was 0.94 million. Call contracts account for 44% of the total trading volume. The $280 calls expiring May 31 were traded most actively.
With software stocks already struggling, Salesforce reported first-quarter earnings that topped estimates while revenue missed. July-quarter revenue guidance for Salesforce stock came in well below expectations. Shares plunged as investors await a boost from artificial intelligence products.
Options Market Statistics: Salesforce Stock Tanks On Weak Guidance, Options Pop
$Palantir(PLTR.US)$ shares ended 3.77% higher. Its options trading volume was 0.42 million. Call contracts account for 80% of the total trading volume. The $21.5 calls expiring May 31 were traded most actively.
Options Market Statistics: Salesforce Stock Tanks On Weak Guidance, Options Pop
Options Market Statistics: Salesforce Stock Tanks On Weak Guidance, Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $Salesforce(CRM.US)$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 129.8x with nearly 33,624 contracts.
Options Market Statistics: Salesforce Stock Tanks On Weak Guidance, Options Pop
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Daily Active Index & Sector ETF Options
Options Market Statistics: Salesforce Stock Tanks On Weak Guidance, Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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Options Newsman
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