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Options Market Statistics: Tesla Shares Gain as EV Maker Offers Lower-Priced Model Y SUV, Options Pop

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Options Newsman wrote a column · Oct 4, 2023 20:13
News Highlights
$Tesla(TSLA.US)$ shares rose by 5.93%, closing at $261.16. Its options trading volume is 2.16 million. Call contracts account for 47.2% of the whole trading volume. The most traded calls are contracts of $250 strike price that expire on October 6th. The total volume reaches 88,835 with an open interest of 13,135. The most traded puts are contracts of a $240 strike price that expires on October 6th; the volume is 101,007 contracts with an open interest of 22,440.
Tesla shares gained Wednesday after the electric vehicle (EV) maker reintroduced a lower-priced SUV version of its most popular vehicle, the Model Y. The company said the Model Y RWD, a rear-wheel drive SUV, would cost $43,990, $3,500 below its previously lowest-priced all-wheel drive (AWD) version.1 Tesla estimates it will be available this month or next.
$Apple(AAPL.US)$ shares rose by 0.73%, closing at $173.66. Its options trading volume is 0.75 million. Call contracts account for 47.2% of the whole trading volume. The most traded calls are contracts of $175 strike price that expire on October 6th. The total volume reaches 66,413 with an open interest of 23,714. The most traded puts are contracts of a $172.5 strike price that expires on October 6th; the volume is 40,306 contracts with an open interest of 5,950.
Apple Inc. held talks with DuckDuckGo to replace Alphabet Inc.'s Google as the default search engine for the private mode on Apple's Safari browser, according to people familiar with the discussions.
The details of those talks are expected to be released later this week after the judge overseeing a federal antitrust suit against Google ruled Wednesday that he would unseal the testimony of DuckDuckGo Chief Executive Officer Gabriel Weinberg and Apple executive John Giannandrea.
$Alphabet-A(GOOGL.US)$ shares rose by 2.12%, closing at $135.24. Its options trading volume is 0.23 million. Call contracts account for 67.1% of the whole trading volume. The most traded calls are contracts of $135 strike price that expire on October 6th. The total volume reaches 9,593 with an open interest of 8,419. The most traded puts are contracts of a $132 strike price that expires on October 6th; the volume is 6,346 contracts with an open interest of 1,714.
After an endless stream of leaks, Alphabet Inc.'s Google launched the highly anticipated Pixel 8 and Pixel 8 Pro smartphones Wednesday at the Made by Google 2023 event in New York City.
Google unveiled the Pixel 8 and Pixel 8 Pro smartphones featuring the Tensor G3 chipset and a slew of camera improvements. Google has also added a temperature sensor, as rumored, to the Pixel 8 Pro. The company says it is in touch with the FDA to allow users to save temperature data as well.
Options Market Statistics: Tesla Shares Gain as EV Maker Offers Lower-Priced Model Y SUV, Options Pop
Unusual Stock Options Activity
Some notable put activity is being seen in $Exxon Mobil(XOM.US)$, which is primarily being driven by activity on the December 15th 100.00 put. Volume on this contract is 20,465 versus open interest of 509, so it's likely that nearly all of the volume represents fresh positioning.
Options Market Statistics: Tesla Shares Gain as EV Maker Offers Lower-Priced Model Y SUV, Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: Tesla Shares Gain as EV Maker Offers Lower-Priced Model Y SUV, Options Pop
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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