Options Market Statistics (2/21): Investors Purchase High Volume of Tesla Call Options
U.S. stock futures and government bond prices fell to kick off a new trading week, dragged down by growing concerns that the Federal Reserve will keep interest rates higher for longer.
After rallying sharply to kick off 2023, the U.S. stock market has stumbled in recent weeks as hot economic data has made investors anxious about the trajectory of U.S. monetary policy.
News Highlights
$Tesla(TSLA.US)$ has agreed a deal with battery parts maker Magnis Energy Technologies to secure supplies of graphite. Tesla shares rose more than 3% last Friday, with option volume of nearly 4.86 million, and calls accounted for 54% of the volume. The 200.00, 202.50, 205.00 and 207.50 calls lead the flow with the highest volume.
$Apple (AAPL.US)$ shares fell 0.75%, with option volume of nearly 1.23 million, and calls accounted for almost 60% of the volume. The 155.00 calls were traded most actively.
$NVIDIA (NVDA.US)$ shares fell 3%, with option volume of nearly 960,000, and calls accounted for almost 53.3% of the volume. The 215.00 puts were traded most actively.
$DraftKings (DKNG.US)$ posted a double-digit percentage gain after beating expectations with its latest earnings report last Friday. Draftkings shares raillied over 15%, with volume nearly 5x normal at nearly 510,000 contracts, and calls accounted for 68.2% of the volume.The 21.00 calls were traded most actively.
Unusual Stock Options Activity
$Luminar Technologies (LAZR.US)$ will be looking to display strength as it nears its next earnings release (Feb 27). On that day, Luminar Technologies, Inc. is projected to report earnings of -$0.22 per share, which would represent a year-over-year decline of 83.33%. Meanwhile, our latest consensus estimate is calling for revenue of $12.88 million, up 4.4% from the prior-year quarter.
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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