Options Market Statistics: Tesla Stock Is Dropping Again as Fed Signals One More Rate Hike, Options Pop
News Highlights
$Tesla (TSLA.US)$ shares fell by 2.62%, closing at $255.70. Its options trading volume is 2.31 million. Call contracts account for 55.2% of the whole trading volume. The most traded calls are contracts of $270 strike price that expire on September 22nd. The total volume reaches 87,126 with an open interest of 19,058. The most traded puts are contracts of a $260 strike price that expires on September 22nd; the volume is 90,653 contracts with an open interest of 13,326.
When the Federal Reserve maintains or hints at future rate hikes, it can lead to higher borrowing costs for companies.
Tesla, in particular, has historically burned through significant amounts of cash and carries substantial debt. Higher interest rates can increase its interest expenses, potentially impacting profitability and cash flow, which investors closely monitor.
$Palantir (PLTR.US)$ shares fell by 5.02%, closing at $14.00. Its options trading volume is 0.37 million. Call contracts account for 56.7% of the whole trading volume. The most traded calls are contracts of $15.5 strike price that expire on September 22nd. The total volume reaches 11,285 with an open interest of 14,824. The most traded puts are contracts of a $15 strike price that expires on September 22nd; the volume is 7,079 contracts with an open interest of 9,288.
Palantir held its AIPCon last Thursday. More than 30 organizations showcased how they are using Palantir's Artificial Intelligence Platform (AIP), which is currently being used by more than 100 organizations.
Palantir CEO Alex Karp, CTO Shyam Sankar and head of global commercial Ted Mabrey also provided an in-depth look at platform functionality.
Following presentations at AIPCon, Palantir announced new partnerships with Gemelli Generator Real World Data and Babcock International Group.
$Nikola (NKLA.US)$ shares fell by 6.81%, closing at $1.30. Its options trading volume is 0.29 million. Call contracts account for 39.8% of the whole trading volume. The most traded calls are contracts of $1.5 strike price that expire on September 22nd. The total volume reaches 22,961 with an open interest of 26,284. The most traded puts are contracts of a $2 strike price that expires on October 20th; the volume is 11,895 contracts with an open interest of 5,112.
Unusual Stock Options Activity
Some notable call activity is being seen in $Advanced Micro Devices (AMD.US)$, which is primarily being driven by activity on the September 22nd 97.00 call. Volume on this contract is 25,234 versus open interest of 209, so it's likely that nearly all of the volume represents fresh positioning.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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