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Options Market Statistics: Tesla Shares Fall Over 8% on Friday Despite Earlier Strong Momentum; Options Pop

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Options Newsman joined discussion · Sep 6 20:36
News Highlights
$NVIDIA (NVDA.US)$ shares fell 4.09% Friday to close at $102.83, with option volume of 6.15 million, and calls accounted for 54.7% of the volume. The $100 puts expiring September 6 lead the flow with the highest volume.
Nvidia's stock has lost 13.9% this week, recording its worst weekly performance in two years, largely due to a less-than-expected earnings report that raised concerns about future growth and margin pressures. Analysts express mixed sentiments; while Mizuho's Jordan Klein forecasts further short-term pressure for chip stocks, BofA's Vivek Arya remains optimistic about Nvidia's fundamentals, citing compelling growth potential despite regulatory and market headwinds.
Source: Unusual Whales
Source: Unusual Whales
$Tesla (TSLA.US)$ shares plunged 8.45% Friday to close at $210.73. Its options trading volume was 3.06 million. Call contracts account for 61.5% of the total trading volume. The $220 calls expiring September 6 were traded most actively.
Tesla's stock decline on Friday can be attributed to three main factors: disappointing labor market data, auto sales falling short of forecasts, and a natural correction following a substantial 12% increase over the previous four trading sessions. Earlier in the week, shares rose due to optimism surrounding artificial intelligence developments and the announcement of plans to deploy the Full Self Driving feature in Europe and China by early 2025. Analysts remain cautiously optimistic about Tesla's long-term potential, with Morgan Stanley rating the stock as a Buy and setting a price target of $310, despite ongoing challenges in the electric vehicle market and the need for Tesla to manage expectations about its autonomous vehicle capabilities.
Source: Unusual Whales
Source: Unusual Whales
$Broadcom (AVGO.US)$ shares fell sharply by 10.36% Friday to close at $136.99 after the semiconductor company, which produces chips utilized in AI and various other applications, projected revenue growth that fell short of some investors' expectations. Its options trading volume was 0.79 million. Call contracts account for 51.1% of the total trading volume. The $140 calls expiring September 6 were traded most actively.
Source: Unusual Whales
Source: Unusual Whales
Options Market Statistics: Tesla Shares Fall Over 8% on Friday Despite Earlier Strong Momentum; Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $NVIDIA (NVDA.US)$, where $102 calls have topped volume to open interest ranking. The highestvolume over open interest ratio reaches 83.1x with 176,080 contracts.
Options Market Statistics: Tesla Shares Fall Over 8% on Friday Despite Earlier Strong Momentum; Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: Tesla Shares Fall Over 8% on Friday Despite Earlier Strong Momentum; Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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