Options Market Statistics: Tesla's Stock Snaps Losing Streak, Options Pop
News Highlights
$Tesla(TSLA.US$ shares rose by 0.86%, closing at $246.99. Its options trading volume is 1.46 million. Call contracts account for 54.1% of the whole trading volume.
Shares of Tesla got a late-session boost on Monday, snapping a three-day losing run as the United Auto Workers strike enters its second week and as the electric-vehicle maker reportedly looks to build a battery factory in India.
$Sea(SE.US$ shares rose by 11.79%, closing at $40.20. Its options trading volume is 0.24 million. Call contracts account for 75.5% of the whole trading volume. The most traded calls are contracts of $80 strike price that expire on January 17th 2025. The total volume reaches 3,751 with an open interest of 9,680. The most traded puts are contracts of a $180 strike price that expires on January 19th; the volume is 2,858 contracts with an open interest of 500.
According to the news, "Free Fire India" re-entered the market on September 5 after being banned in India for a year and a half. Sea's gaming division, Garena, said earlier that partner Yotta (a subsidiary of India's Hiranandani Group) will provide infrastructure to store Indian users' data on local servers.
In February 2022, New Delhi blocked "Free Fire," which was India's most popular Sea mobile game at the time, due to security concerns. A few weeks later, Sea said it would shut down its main e-commerce business in India and blame one of its more promising overseas operations on "market uncertainty." The relaunch will boost Sea, which is trying to reverse the slowdown in sales growth amid increased competition.
$AMC Entertainment(AMC.US$ shares rose by 6.82%, closing at $8.14. Its options trading volume is 0.19 million. Call contracts account for 59.3% of the whole trading volume. The most traded calls are contracts of $9 strike price that expire on September 29th. The total volume reaches 7,088 with an open interest of 7,485. The most traded puts are contracts of a $7.5 strike price that expires on September 29th; the volume is 5,664 contracts with an open interest of 4,065.
Shares of AMC Entertainment traded higher Monday after Hollywood writers and studios agreed to a tentative deal to end a monthslong strike.
The Writers Guild of America and the Alliance of Motion Picture and Television Producers, which represents Hollywood studios, said late Sunday they had reached a tentative agreement to end the strike which has been in effect since May 2. Once the agreement is finalized, studios will be able to begin working on scripts for upcoming film and TV projects.
AMC Chief Executive Adam Aron said in a post on X, the platform formerly known as Twitter, that "the world's movie theaters can celebrate" now that a deal has been reached.
Unusual Stock Options Activity
Some notable put activity is being seen in $Medical Properties Trust Inc(MPW.US$, which is primarily being driven by activity on the November 17th 4.00 put. Volume on this contract is 50,482 versus open interest of 596, so it's likely that nearly all of the volume represents fresh positioning.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
Disclaimer: Options trading entails significant risk and is not appropriate for all investors. Certain complex option strategy carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Option. This article is for information and illustrative purposes only, and is not a promotion of option trading or a recommendation of any of the specific option mentioned above.
Source: Benzinga, WSJ
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
Empower your trading with options news and insights. Stay informed, make better decision, trade wiser. Not an advisor
13KFollowers
14Following
25KVisitors
Follow