Options Market Statistics: Options Bulls Pleased with Musk's Shift Back to Tesla
News Highlights
$Tesla(TSLA.US$ shares were down 2.38%, with option volume of 4.41 million, doubling its 30-day average volume, and calls accounted for 63.7%. The 180.00 calls expiring Friday lead the flow with a volume of 141,052.
Elon Musk is shifting his attention back to Tesla, as the electric vehicle giant struggles with cooling demand. Musk announced today he selected a new CEO for Twitter, after buying the social media giant for $44 billion last year, fanning concerns his focus would be divided. The billionaire isn't stepping away entirely, though, and will now assume the role of chief technology officer.
$Microsoft(MSFT.US$ shares edged lower by 2.38%, with option volume of 0.37 million, and calls accounted for 60.4%.
Microsoft Corp shares were trading lower on Thursday. The stock was falling as major indicies trade mixed during Thursday's session. The move could be in possible reaction to Producer Price Index (PPI) data for final demand in April.
$PayPal(PYPL.US$ shares slided 3.88%, with option volume of 0.34 million, and calls accounted for 65.7%.
Traders and investors this week may be reacting to commentary surrounding the results of PayPal, as the stock received a number of analyst rating updates following the earnings print.
Unusual Stock Options Activity
There were noteworthy activities in $Enphase Energy(ENPH.US$, where multiple options have topped volume to open interest ranking. The highest volume over open interest ratio reaches 35x with 5,547 contracts.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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