Options Market Statistics: SMCI Shares Tumble Nearly 7% on Black Friday; Options Pop
News Highlights
$Super Micro Computer (SMCI.US)$ experienced a significant drop of nearly 7% on Black Friday, marking another volatile trading session for the server manufacturer. The most actively traded put options were those with a $30 strike price, set to expire on November 29. The total trading volume for these contracts reached 31,360, while the open interest stood at 36,231.
As it strives to avoid delisting from the Nasdaq due to delayed financial filings, its stock has become a favored target for day traders. The company's shares have exhibited extreme fluctuations, joining an exclusive group of stocks that have alternated between being the S&P 500's top performer and its worst in consecutive days. Notably, Super Micro's stock has swung by 10% or more in either direction on more than half of the trading days this month.
Despite taking steps to resolve its listing issues, Super Micro faces ongoing challenges. The company's financials are currently under review by BDO after Ernst & Young's resignation, potentially leading to further delays in meeting filing deadlines. Until these uncertainties are addressed, the stock is expected to continue its volatile trajectory.
On Friday, shares of $ZIM Integrated Shipping (ZIM.US)$ experienced a slight decline of 0.27%. Notably, the most actively traded options were calls with a $15 strike price, set to expire on January 16. These options saw a total trading volume of 125,983, with an open interest registered at 7,375.
Unusual Stock Options Activity
There was a noteworthy activity in $Nike (NKE.US)$, with $85.00 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 92.7x with 21,603 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
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Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile
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104088143 : How is it?
103827803 : good
103995812 : Weak. Looks like its gonna come down some more. Just be patient.
103677010 : noted