Options Market Statistics: Target Shares Surge and Options Pop as the Company Posts Upbeat Earnings
News Highlights
$Target (TGT.US)$ stock surged 11.20%. Its options trading volume was 0.31 million. Call contracts account for 59.6% of the total trading volume. The $130 puts expiring August 23 were traded most actively.
Target stock surged over 11% after the company exceeded Wall Street expectations with its second-quarter results, reporting increased profit margins and revenue. Store traffic rose by 3% due to price cuts on essential items. Additionally, Target is successfully managing inventory shrink, with CFO and COO Michael Fiddelke noting that the company has plateaued in this area, contributing to profit gains.
$JD.com (JD.US)$ stock fell 4.15%. Its options trading volume was 0.30 million. Call contracts account for 73.0% of the total trading volume. The $30 calls expiring August 23 were traded most actively.
JD.com stock dropped over 4% in US trading and 12% in Hong Kong after Walmart sold its $3.6 billion stake, ending their eight-year partnership. This sale comes amid economic challenges in China, including a declining real estate market, high youth unemployment, and trade tensions with the US. Chinese tech stocks, like Alibaba, are still recovering from a 2022 policy reversal following a sector crackdown.
$MARA Holdings (MARA.US)$ stock rose 7.37%. Its options trading volume was 0.28 million. Call contracts account for 76.7% of the total trading volume. The $17 calls expiring August 23 were traded most actively.
Unusual Stock Options Activity
There was a noteworthy activity in $Match group (MTCH.US)$, where $40 calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 167.7x with 31,358 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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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72762372 : Because they rejected the woke agenda?
webguybob 72762372 : hopefully!
Make it Big : The stock price peaked at 167 after the earnings. The market has decided that the good earnings and YOY 40% increase of EPS does not deserve the 160ish stock price level.
Laine Ford : No comment