Options Market Statistics: Tesla Shares Skyrocket as It Launches AI Supercomputer, Options Pop
News Highlights
$NVIDIA (NVDA.US)$ shares rose by 4.16%, closing at $487.84. Its options trading volume is 1.33 million. Call contracts account for 57.6% of the whole trading volume. The most traded calls are contracts of $500 strike price that expire on September 1st. The total volume reaches 77,720 with an open interest of 26,550. The most traded puts are contracts of a $450 strike price that expires on September 1st; the volume is 27,354 contracts with an open interest of 10,585.
Nvidia and $Alphabet-A (GOOGL.US)$'s Google Cloud said Tuesday that Nvidia's generative artificial intelligence technology used by Google DeepMind and Google research teams has become available to Google Cloud customers worldwide as the companies expanded their partnership.
Google's framework for building massive, large language models, PaxML, is now optimized for Nvidia's accelerated computing, and Nvidia's integration is expected to speed AI and data science development.
Additionally, the companies revealed Google's integration of serverless Spark with Nvidia's GPUs through Google's Dataproc service.
$Tesla (TSLA.US)$ shares rose by 7.69%, closing at $257.18. Its options trading volume is 2.60 million. Call contracts account for 55.4% of the whole trading volume. The most traded calls are contracts of $250 strike price that expire on September 1st. The total volume reaches 115,670 with an open interest of 42,058. The most traded puts are contracts of a $240 strike price that expires on September 1st; the volume is 90,867 contracts with an open interest of 6,479.
The EV giant is launching a $300 million AI computing cluster Tuesday, according to Oppenheimer analyst Rick Schafer. The supercomputer "will employ 10,000 Nvidia H100 GPUs and is more powerful than the world's third highest-performing supercomputer," noted the analyst.
$NIO Inc (NIO.US)$ shares fell by 1.18%, closing at $10.89. Its options trading volume is 0.54 million. Call contracts account for 70.6% of the whole trading volume. The most traded calls are contracts of $11 strike price that expire on September 1st. The total volume reaches 30,186 with an open interest of 10,989. The most traded puts are contracts of a $9.5 strike price that expires on September 1st; the volume is 26,110 contracts with an open interest of 6,168.
NIO reported revenue of RMB 8.77 billion in the second quarter, missing market expectations of RMB 9.254 billion, compared with RMB 10.29 billion in the same period last year.
Nio delivered 23,520 vehicles in the second quarter, slightly above the lower end of the company's previously provided guidance range of 23,000 to 25,000 vehicles.
The company had previously guided second-quarter revenue to be between RMB 8.742 billion and RMB 9.37 billion.
Unusual Stock Options Activity
There were noteworthy activities in $Caterpillar (CAT.US)$ where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 61.77x with 25,633 contracts.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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