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Options Market Statistics: Amazon Attracts Bullish Bets After Announcement of 9000 Layoffs

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Options Newsman wrote a column · Mar 20, 2023 21:43
News Highlights
U.S. stocks climbed Monday after regulators engineered a deal for Swiss banking giant UBS to take over rival Credit Suisse.
$Tesla(TSLA.US)$ shares edged higher by 1.73%, with option volume of 1.35 million, and calls accounted for 53.6%. The 185.00 calls expiring Friday lead the flow with a volume of 83,726.
$Apple(AAPL.US)$ shares rose by 1.55%, with option volume of 0.85 million, and calls accounted for 55.7%. The 160.00 calls expiring Friday lead the flow with a volume of 77,411.
Apple pushed back projects, paused hiring, micromanaged teams amid efforts to rein in costs and avoid mass layoffs.
$Amazon(AMZN.US)$ shares edged lower by 1.25%, with option volume of 0.56 million, and calls accounted for 68.4%. Calls are outnumbering puts at a 2:1 ratio.
Amazon said it would cut 9,000 more corporate jobs across units that include its profitable cloud-computing and advertising businesses, a sign that the company's cost-cutting is extending into all aspects of its operations as technology giants continue to slash spending.
$Credit Suisse(CS.US)$ shares tumbled 52.99%, 5 times its 30-day average volume, and calls accounted for 50.2%.
Options Market Statistics: Amazon Attracts Bullish Bets After Announcement of 9000 Layoffs
Unusual Stock Options Activity
There was a noteworthy activity in $First Republic Bank(FRC.US)$ , where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 61x with nearly 7,372 contracts.
Options Market Statistics: Amazon Attracts Bullish Bets After Announcement of 9000 Layoffs
Source: Benzinga, Dow Jones, CNBC
Disclaimer: Options trading entails significant risk and is not appropriate for all investors. Certain complex option strategy carry additional risk. Before trading options, please read Characteristics 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.
Source: Benzinga, WSJ
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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