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Most active stock options for Nov 29: Panic eases as MRNA's new vaccine incoming

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Options Newsman wrote a column · Nov 28, 2021 21:40
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$Moderna(MRNA.US)$ Chief Medical Officer Paul Burton said he suspects the new omicron coronavirus variant may elude current vaccines, and if so, a reformulated shot could be available early in the new year. "We should know about the ability of the current vaccine to provide protection in the next couple of weeks," Burton said Sunday on the BBC's "Andrew Marr Show."
$CBOE Volatility S&P 500 Index(.VIX.US)$ has dropped 11% on Sunday after this announcement.
Most active stock options for Nov 29: Panic eases as MRNA's new vaccine incoming
Volatility traders are rushing to bet on turmoil in the U.S. stock market as fears over a new strain of the coronavirus look set to finally end weeks of tranquil trading.
The Cboe Volatility Index, or VIX, jumped as much as 9 points on Friday morning, the biggest intraday move since February, according to data compiled by Bloomberg. It was 7.7 points higher at 26.3 as of 5:40 a.m. in New York, the highest level in more than six months on a closing basis.
Shares of airline and cruise line operators are falling in premarket trading after the World Health Organization warned that a new Covid-19 variant has been detected in South Africa. Following the warning, the European Union temporarily banned flights travel from several countries in South Africa. Publicly traded companies in the space include $American Airlines(AAL.US)$, $Delta Air Lines(DAL.US)$, etc. Names in the cruise space include $Carnival(CCL.US)$, $Norwegian Cruise(NCLH.US)$ and $Royal Caribbean(RCL.US)$.
Most active stock options for Nov 29: Panic eases as MRNA's new vaccine incoming
How to read the chart
· The chart shows stocks with the most option activities of the previous trading day.
· Put/Call ratio >0.7 means more the stock attract more bears than bulls. Put/Call ratio<0.7 means the stock attract more bulls than bears.
· Option volume indicates the shares of contracts traded for the day.
· Open interest indicates the total number of option contracts that are currently open – that means they are not yet exercised or offset.
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