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Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop

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Options Newsman wrote a column · 6 hours ago
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
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
$NVIDIA(NVDA.US)$ 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
Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop
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
Daily Active Index & Sector ETF Options
Options Market Statistics: Tesla Soars Again Ahead of Delivery Numbers; Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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.
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