Options Market Statistics: Tesla Is New Pick for Daniel Loeb's Third Point; Options Pop
News Highlights
1. $Tesla (TSLA.US)$ stock fell 5% on Thursday. The most traded calls are contracts of $340 strike price that expire on Nov. 15. The total volume reaches 100,931 with an open interest of 41,462, while the most traded puts are contracts of $300 strike price that expire on Nov. 15. The total volume reaches 85,165 with an open interest of 28,032.
Third Point, a hedge fund, filed its Form 13F on Thursday, revealing the fund's trades from the prior quarter. Here's a look at Third Point's most significant recent trades.
2. $Boeing (BA.US)$'s shares were down 1%, with the most traded puts are contracts of $145 strike price that expire on Nov. 15. The total volume reaches 5,598 with an open interest of 20,828.
Boeing is starting to show progress in its turnaround plans. New CEO Kelly Ortberg has a list of things he wants to accomplish to turn around the struggling company. Struggling might understate things. Entering Thursday trading, Boeing stock was down almost 70% from its all-time closing high reached in early 2019 shortly before the second deadly 737 MAX crash. The incident led to the worldwide grounding of all MAX jets between March 2019 and November 2022.
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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