Options Market Statistics: Traders Purchase Large Volume of Calls on Google and C3.ai
News Highlights
Stocks looked set to end the quarter on a positive note, after a stormy three months in which markets have been whipsawed by strains in the banking system as well as shifting outlooks for inflation and interest rates.
$Tesla(TSLA.US$ shares climbed 6.24%, with option volume of 3.82 million, and calls accounted for 58.6%.
Tesla was due to report first-quarter deliveries on Sunday. Wall Street projects about 420,000 units, which would be a quarterly record.
The electric-vehicle company reported delivering 422,875 vehicles in the first quarter on Sunday, which beats Wall Street's estimation.
$AMC Entertainment(AMC.US$ shares edged higher by 0.80%, with option volume of 0.60 million, and puts accounted for 69.2%. Puts are outnumbering calls at a 2:1 ratio.
$Alphabet-A(GOOGL.US$ shares rose by 2.81%, with option volume of 0.43 million, and calls accounted for 66.6%.
Google's finance chief told employees on Friday to expect more spending cuts in areas from how it uses its servers to when it closes employee cafes as the company tries to meet savings targets this year.
$C3.ai(AI.US$ shares surged 21.50%, with option volume of 0.34 million, six times its 30-day average volume. Calls are outnumbering puts at a 3:1 ratio.
Personal consumption expenditures (PCE) grew .3% in February, less than experts expected. This is a sign that inflation could be falling further. As a result, bond yields have dropped, driving the price of many growth stocks higher.
C3.ai is an early mover in the AI space and has seen a significant increase in volume following the rise of ChatGPT and other AI tools. The company provides AI software as well as turnkey solutions for companies that are looking to implement AI. Investors are now keenly aware of AI's potential impact on virtually every industry.
Unusual Stock Options Activity
There was a noteworthy activity in $AMC Entertainment(AMC.US$ , where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 182x with nearly 86,418 contracts.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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Marck Charles : I don’t see anything on google tho