Options Market Statistics: Wells Fargo Decreases Prime Rate to 7.75 Percent; Options Pop
News Highlights
1. $Energy Transfer (ET.US)$'s most traded calls are contracts of $17 strike price that expire on Nov. 8. The total volume reaches 8,790 with an open interest of 7,081.
The company reports record crude pipeline volumes in Q324. In October 2024, Energy Transfer announced a cash distribution of US$0.3225 per common unit (US$1.29 annualised) for the quarter ended September 30, 2024. As of September 30, 2024, the Partnership’s revolving credit facility had US$3.34 billion available for future borrowings.
2. $Wells Fargo & Co (WFC.US)$ shares were down 3.6% on Thursday. The most traded calls are contracts of $69 strike price that expire on Nov. 29. The total volume reaches 29,707 with an open interest of 22,446, while the most traded puts are contracts of $50 strike price that expire on Jan. 17, 2025 with an open interest of 14,805.
The financial giant announced a prime rate reduction from 8.00 percent to 7.75 percent. The change will take effect on November 8, 2024. The announcement was made from the bank's San Francisco location.
Unusual Stock Options Activity
There was a noteworthy activity in $Tesla (TSLA.US)$, with $297.5 puts topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 147.5x with 38,947 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
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