Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop
News Highlights
$Tesla(TSLA.US$ ended 6.05% higher. Its options trading volume was 2.73 million. Call contracts account for 58.7% of the total trading volume.The $200 puts expiring July 5 were traded most actively.
![Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop](https://ussnsimg.moomoo.com/sns_client_feed/70905574/20240702/d43d8341b15a74785972346ad7e17598.png/big?area=100&is_public=true)
Tesla's stock saw a significant increase before the release of its second quarter delivery report. Despite some bearish analysts lowering their expectations for Tesla's delivery volume in the past two weeks and anticipating a year-over-year decline in sales for the second quarter, the latest weekly China insurance registration data suggests that Tesla's sales in China may have rebounded. The strong sales reported by Chinese EV startups $NIO Inc(NIO.US$, $XPeng(XPEV.US$, and $Li Auto(LI.US$ in June have also contributed to this optimism.
According to Wedbush analyst Daniel Ives, "There's a decent chance of an upside surprise on Tues, especially if we get another 17.5K weekly registrations out of China" .
$Chewy(CHWY.US$ shares ended 6.61% lower. Its options trading volume was 0.30 million. Call contracts account for 63.4% of the total trading volume. The $30 calls expiring July 5 were traded most actively.
Chewy's stock initially rose on Monday, but later retreated when it was disclosed that Keith Gill, a prominent trader, held a significant stake in the pet product online retailer. Gill's 6.6% stake - more than 9 million shares as of June 24 - was revealed in an SEC filing.
![Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop](https://ussnsimg.moomoo.com/sns_client_feed/70905574/20240702/947f7dc20c834da21ed1ff37c09c8ba7.png/big?area=100&is_public=true)
$NVIDIA(NVDA.US$ shares ended 0.62% higher. Its options trading volume was 4.11 million. Call contracts account for 61.8% of the total trading volume. The $125 calls expiring July 5 were traded most actively.
![Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop](https://ussnsimg.moomoo.com/sns_client_feed/70905574/20240702/26ee31c2fa36feffe7a23e35e6787069.png/big?area=100&is_public=true)
![Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop](https://ussnsimg.moomoo.com/sns_client_feed/70905574/20240702/1fabb7e66d8f1496a54986cc247274e5.png/big?area=100&is_public=true)
Unusual Stock Options Activity
There was a noteworthy activity in $Tesla(TSLA.US$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 251.5x with 51,047 contracts.
![Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop](https://ussnsimg.moomoo.com/sns_client_feed/70905574/20240702/03356a44ce4fd9c3d01c5174d846a169.png/big?area=100&is_public=true)
Daily Active Index & Sector ETF Options
![Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop](https://ussnsimg.moomoo.com/sns_client_feed/70905574/20240702/799b36d9c425879d68817e2bbfc8b253.png/big?area=100&is_public=true)
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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