Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top

Options Market Statistics: TSLA Shares Fall and Options Pop as Reports Suggest the Company Scraps Low-cost Car Plans

avatar
Options Newsman wrote a column · Apr 6 09:47
News Highlights
$Tesla (TSLA.US)$ shares fell by 3.63%, closing at $164.90. Its options trading volume was 3.83 million. Call contracts account for 48.3% of the total trading volume. The most traded calls are contracts of $170 strike price that expire on Apr. 5th. The total volume reaches 106,470 with an open interest of 29,026. The most traded puts are contracts of a $165 strike price that expires on Apr. 5th; the volume is 133,627 contracts with an open interest of 28,333.
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.
The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.
The decision represents an abandonment of a longstanding goal that Tesla opens new tab chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first "master plan", opens new tab for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a "low cost family car."
Tesla did not respond to requests for comment, says Reuters, but after the story was published, Musk posted on his social media site X that "Reuters is lying (again)". He did not identify any specific inaccuracies.
$NVIDIA (NVDA.US)$ shares rose by 2.45%, closing at $880.08. Its options trading volume was 1.68 million. Call contracts account for 57.4% of the total trading volume. The most traded calls are contracts of $900 strike price that expire on Apr. 5th. The total volume reaches 70,484 with an open interest of 10,845. The most traded puts are contracts of a $890 strike price that expires on Apr. 5th; the volume is 27,438 contracts with an open interest of 5,885.
$Intel (INTC.US)$ shares fell by 2.57%, closing at $38.71. Its options trading volume was 0.35 million. Call contracts account for 54.7% of the total trading volume. The most traded calls are contracts of $41 strike price that expire on Apr. 5th. The total volume reaches 19,912 with an open interest of 585. The most traded puts are contracts of a $41 strike price that expires on Apr. 5th; the volume is 19,912 contracts with an open interest of 585.
Options Market Statistics: TSLA Shares Fall and Options Pop as Reports Suggest the Company Scraps Low-cost Car Plans
Unusual Stock Options Activity
Some notable call activity is being seen in $Bausch Health (BHC.US)$, which is primarily being driven by activity on the May 17 call. Volume on this contract is 8,854 versus open interest of 152.
Options Market Statistics: TSLA Shares Fall and Options Pop as Reports Suggest the Company Scraps Low-cost Car Plans
For all the mooers in Singapore, you can now lower your options commssions with our new campaign. Come check the link: US Stock Option.
Daily Active Index & Sector ETF Options
Options Market Statistics: TSLA Shares Fall and Options Pop as Reports Suggest the Company Scraps Low-cost Car Plans
Source: Barchart, Unusual Whales, Benzinga
Disclaimer: Options trading entails significant risk and is not appropriate for all investors. Certain complex option strategy carry additional risk. Before trading options, please readCharacteristics 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.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
2
39
2
1
1
+0
24
Translate
Report
115K Views
Comment
Sign in to post a comment

View more comments...

avatar
Options Newsman
Moomoo News Official Account
Empower your trading with options news and insights. Stay informed, make better decision, trade wiser. Not an advisor
17KFollowers
14Following
41KVisitors
Follow