Options Market Statistics: Tesla Shares Tumble Over 15% in the Worst Weekly Performance of This Year; Options Pop
News Highlights
$Tesla(TSLA.US$ shares fell by 3.69%, closing at $211.99. Its options trading volume is 3.56 million. Call contracts account for 49.8% of the whole trading volume. The most traded calls are contracts of $260 strike price that expire on October 20th. The total volume reaches 59,595 with an open interest of 35,175. The most traded puts are contracts of a $240 strike price that expires on October 20th; the volume is 60,364 contracts with an open interest of 32,160.
After falling more than 9% in the previous trading day, Tesla continued its downward trend today and its high valuation was questioned by Wall Street. With poor performance, pessimism is starting to spread. Several major banks have lowered their target prices for Tesla after the earnings report, and some analysts believe that Tesla may need to further lower its prices in order to achieve its annual delivery target, given the overall slowdown in demand for electric vehicles.
$Palantir(PLTR.US$ shares fell by 5.57%, closing at $16.11. Its options trading volume is 0.34 million. Call contracts account for 64.9% of the whole trading volume. The most traded calls are contracts of $18 strike price that expire on October 20th. The total volume reaches 23,557 with an open interest of 26,459. The most traded puts are contracts of a $16 strike price that expires on October 20th; the volume is 12,853 contracts with an open interest of 11,169.
Higher debt levels can also lead to higher interest expenses, reducing profitability.
Unusual Stock Options Activity
There were noteworthy activities in $Tesla(TSLA.US$ where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 31.1x with 266,111 contracts.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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