Options Market Statistics: Tesla Stock Rallies on Trump Victory; Options Pop
News Highlights
1. $Tesla (TSLA.US)$ stock jumped as much as 15.2% to $289.59, the highest since mid-July 2023, and closed at $288.53, with the most traded calls are contracts of $250 strike price that expire on Nov. 8. The total volume reaches 53,753 with an open interest of 9,862.
Shares of technology companies rose as traders bet the second Trump administration would ease antitrust pressure on Big Tech. And Shares of Tesla surged amid prospects that Elon Musk's electric car maker will receive favorable treatment, including tariff protections from the candidate he supported, Donald Trump.
2. $Super Micro Computer (SMCI.US)$ shares plunged another 18% on Wednesday, the day after providing a worse-than-expected business update. The most traded puts are contracts of $20 strike price that expire on Nov. 8. The total volume reaches 22,365 with an open interest of 5,402.
The stock was Wednesday's worst performer in the S&P 500 and the Nasdaq 100, closing at $22.70, a new 52-week closing low. That was its lowest close since June 26, 2023, when it closed at $21.65, according to Dow Jones Market Data.
Unusual Stock Options Activity
There was a noteworthy activity in $Palantir (PLTR.US)$, with $54 puts topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 200.4x with 28,462 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
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Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile
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