Options Market Statistics: Super Micro Computer Shares Rise on Plan to Avoid Nasdaq Delisting; Options Pop
News Highlights
1. $Super Micro Computer (SMCI.US)$ stock surged 15% on Monday, with the most traded calls are contracts of $20 strike price that expire on Nov. 15. The total volume reaches 29,072 with an open interest of 7,229, while the most traded puts are contracts of $18 strike price that expire on Nov. 15. The total volume reaches 31,035 with an open interest of 7,097.
The company has appointed an independent auditor and submitted a plan with Nasdaq to comply with listing requirements. In a statement, Super Micro said its board engaged BDO USA, P.C. as its auditor, effective immediately. BDO is a member firm of BDO International.
The company also said its plan supports its request for an extension of time to regain compliance with Nasdaq's requirements. The company said it believes it will be able to complete its annual report for the year ended June 30, 2024, and its quarterly report for the fiscal quarter ended Sept. 30, 2024, and become current with its periodic reports within the discretionary period available to the Nasdaq staff to grant.
2. $Walmart (WMT.US)$'s shares were up 1.7% in after-hours trading, with the most traded calls are contracts of $85 strike price that expire on Nov. 15. The total volume reaches 26,738 with an open interest of 42,157.
Recent economic data have suggested that Americans have continued to spend at a healthy clip as their perceptions about the economy start to improve.
Results from Walmart, due Tuesday morning, could help round out the picture. Analysts expect Walmart will report adjusted earnings of 53 cents a share on $167.7 billion. Same-store sales, a measure of sales growth at stores that have been open more than a year, will rise by 3.9%, according to projections.
Unusual Stock Options Activity
There was a noteworthy activity in $Newell Brands (NWL.US)$, with $11 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 61.4x with 10,071 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
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