Options Market Statistics: Tesla Shares Surge on Strong Q3 Delivery Forecast and Robotaxi Event Hype
News Highlights
$Tesla (TSLA.US)$ shares climbed 4.93% Monday to close at $250, with option volume of 1.66 million, and calls accounted for 63.7% of the volume. The $250 calls expiring September 27 were traded most actively.
Tesla shares surged nearly 5% on Monday as analysts identified several potential positive catalysts. Barclays suggested Tesla might exceed third-quarter delivery estimates, particularly due to strong demand in China. Goldman Sachs and Bank of America highlighted the upcoming robotaxi event in October as another potential boost, with expectations that Tesla could reveal a lower-cost vehicle and provide insights into its self-driving technology. Barclays projected third-quarter deliveries could reach 470,000 units, surpassing the consensus of 461,000. Analysts also noted Tesla’s pricing strategies and incentives in China as additional growth drivers.
$Intel (INTC.US)$ shares rose 3.30% Monday to close at $22.56, with option volume of 0.67 million, and calls accounted for 72.3% of the volume. The $47 puts expiring Jan. 17 2025 were traded most actively.
Intel Corporation has struggled this year, with its stock price dropping over 56% year-to-date amidst disappointing Q2 results and significant layoffs. However, recent positive developments have given the stock a boost. Intel announced a major deal with Amazon to produce custom AI chips for AWS, which significantly lifted investor confidence, causing an 8% share surge post-announcement. Additionally, reports of Qualcomm exploring a potential buyout of Intel have further fueled investor optimism, sending shares up 3.3%. These factors have provided a much-needed lift to Intel's stock amidst a challenging year.
$Alibaba (BABA.US)$ shares rose 2.04% Monday to close at $90.09, with option volume of 0.24 million, and calls accounted for 78.2% of the volume. The $90 calls expiring Oct. 18 were traded most actively.
Alibaba's cloud computing unit has partnered with Nvidia to enhance autonomous driving capabilities for Chinese EV makers like Li Auto, Great Wall Motor, and ZEEKR. The collaboration integrates Alibaba's Qwen large language models with Nvidia's Drive AGX Orin platform to improve in-car AI functionalities. This strategic move comes as China faces U.S. sanctions limiting access to advanced semiconductor chips, affecting both companies.
Unusual Stock Options Activity
There was a noteworthy activity in $Ring Energy (REI.US)$, where $2.00 calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 97.2x with 10,108 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile
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Laine Ford : very good stock
charming Llama_7860 : no robo taxis :) Another lie .
103677010 : noted