Options Market Statistics: Disney's New Message of 'Urgency' Is Resonating Big Time on Wall Street, Options Pop
News Highlights
$Tesla(TSLA.US$shares rose by 1.06%, closing at $189.56. Its options trading volume is 2.00 million. Call contracts account for 58.1% of the whole trading volume. The most traded calls are contracts of $185 strike price that expire on February 9th. The total volume reaches 131,896 with an open interest of 25,160. The most traded puts are contracts of a $182.5 strike price that expires on February 9th; the volume is 124,034 contracts with an open interest of 8,377.
$Disney(DIS.US$ shares rose by 11.5%, closing at $110.54. Its options trading volume is 0.83 million. Call contracts account for 70.7% of the whole trading volume. The most traded calls are contracts of $100 strike price that expire on February 9th. The total volume reaches 8,612 with an open interest of 6,256. The most traded puts are contracts of a $94 strike price that expires on February 9th; the volume is 3,297 contracts with an open interest of 1,264.
Walt Disney Co.'s stock has languished in recent years, but now the company is acting with “urgency” to tackle a critical goal.
That message is resonating with investors after Chief Financial Officer Hugh Johnston outlined a double-digit margin target for the company's streaming business, which has made great financial strides even as it currently continues to lose money. While Johnston didn't give a specific timeline for the goal, he said Disney felt “a sense of urgency in getting there.”
Disney shares were rallying 9.8% in Thursday morning action and on track for their best single-day percentage gain since Dec. 11, 2020, when they advanced 13.6%, according to Dow Jones Market Data.
$Arm Holdings(ARM.US$shares rose by 47.89%, closing at $113.89. Its options trading volume is 0.77 million. Call contracts account for 53.2% of the whole trading volume. The most traded calls are contracts of $72.5 strike price that expire on Jan. 16,2024. The total volume reaches 3,870 with an open interest of 21,662. The most traded puts are contracts of a $60 strike price that expires on February 16th; the volume is 1,335 contracts with an open interest of 1,230.
Arm Holdings PLC’s stock easily had its best day on record Thursday, and its 48% daily surge scorched short sellers in the process.
Shorts racked up $445 million in paper losses as Arm’s stock exploded higher in the wake of earnings, according to S3 Partners. The action highlighted how shorting semiconductor stocks “has not been a profitable trade” this year, S3’s Ihor Dusaniwsky said in a report.
Those who’ve made bearish bets against the sector are down more than $7 billion in mark-to-market losses so far this year, he noted, and about a fifth of those losses came Thursday alone.
Unusual Stock Options Activity
Some notable call activity is being seen in $Amazon(AMZN.US$ , which is primarily being driven by activity on the 17-May-2024 call. Volume on this contract is 96,633 versus open interest of 539.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, CNBC
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