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Options Market Statistics: Tesla Stock Soars 9% as Wall Street Grows More Bullish After 'Game-Changer' Election; Options Pop

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Options Newsman wrote a column · Nov 11 19:14
News Highlights
1. $Tesla (TSLA.US)$ stock gained nearly 9% on Monday, sending shares to their highest level since early 2022 and giving the company a market cap north of $1.1 trillion amid optimism that the electric vehicle maker will be a big winner under the Trump administration.
"We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a game-changer for the autonomous and AI story for Tesla and Musk over the coming years," Wedbush analysts led by Dan Ives wrote in a new note to clients on Monday.
The options market was notably active, with a volume of 4.01 million contracts, where calls constituted 65.5% of the activity. The most traded calls are contracts of $350 strike price that expire on November 15. The total volume reaches 158,861 with an open interest of 33,013.
Options Market Statistics: Tesla Stock Soars 9% as Wall Street Grows More Bullish After 'Game-Changer' Election; Options Pop
2. $MARA Holdings (MARA.US)$ shares are trading higher Monday as Bitcoin BTC/USD hovers around all-time highs. The mining company announced additional capacity in Ohio.
Bitcoin traded higher over the weekend and is hovering near all-time highs on Monday as the rally in risk assets following Donald Trump’s election win continues. Most anticipate a more favorable regulatory environment under Trump, who has positioned himself as pro-crypto.
The trading session was marked by substantial options activity, with a volume of 0.91 million contracts, of which 80.2% were calls. The most actively traded options were the $25 calls set to expire on November 15.
Options Market Statistics: Tesla Stock Soars 9% as Wall Street Grows More Bullish After 'Game-Changer' Election; Options Pop
Options Market Statistics: Tesla Stock Soars 9% as Wall Street Grows More Bullish After 'Game-Changer' Election; Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $Pitney Bowes (PBI.US)$, with $9.00 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 439.0x with 52,678 contracts.
Options Market Statistics: Tesla Stock Soars 9% as Wall Street Grows More Bullish After 'Game-Changer' Election; Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: Tesla Stock Soars 9% as Wall Street Grows More Bullish After 'Game-Changer' Election; Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Optionsbefore engaging in any options trading strategies. Opening new options positions close to or on their expiration date comes with substantial risk of losses for reasons that include potential volatility of the underlying security and limited time to expiration. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including i potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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