Options Market Statistics: Traders Purchase Large Volume of Calls on Bed Bath & Beyond
News Highlights
$Tesla(TSLA.US$ shares dropped by 1.53%, with option volume of 1.95 million, and puts accounted for 50.9%. The 165.00 calls expiring Friday lead the flow with a volume of 125,826.
Friday evening, Tesla filed its so-called 10-Q quarterly report form with the Securities and Exchange Commission. A 10-Q has far more detail than a typical quarterly press release. It showed that Tesla increased its forecast for capital expenditures again and is now budgeting at least $7 billion for this year.
$First Republic Bank(FRC.US$ shares climbed 12.2%, with option volume of 0.48 million, and puts accounted for 52.4%. The 20.00 calls and 12.00 puts expiring Friday lead the flow with a volume of 48,070 and 28,861, respectively.
First Republic Bank shares rose as investors were awaiting first-quarter earnings. First Republic Bank's stock fell 22% in after-hours trading on Monday despite stronger-than-expected first-quarter profit from the bank, as deposits disappeared amid concerns about regional banks.
$Coinbase(COIN.US$ shares fell by 7.27%, with option volume of 0.48 million, and puts accounted for 59.5%.
Bitcoin, the leading cryptocurrency by market cap, fell consistently throughout the week, with a 9.2% drop to around $27,300, while other cryptocurrencies like Ether, Ripple, and Polygon also experienced a plunge.
$Bed Bath & Beyond Inc(BBBY.US$ shares tumbled 35.67%, with option volume of 0.28 million, and calls accounted for 78.8%. Calls are outnumbering puts at a 3:1 ratio.
Bed Bath & Beyond Inc filed for bankruptcy protection on Sunday after years of losses and failed turnaround plans left the once-powerful retailer short of cash.
Unusual Stock Options Activity
There was a noteworthy activity in $Coinbase(COIN.US$ ,where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 43x with nearly 6,373 contracts.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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