Options Market Statistics: Alphabet Shares Jump, Options Pop on Earnings Beat, First-ever Dividend
News Highlights
$Meta Platforms(META.US$ shares fell by 10.56%, closing at $441.38. Its options trading volume was 1.92 million. Call contracts account for 59.5% of the total trading volume. The most traded calls are contracts of $450 strike price that expire on Apr. 26th. The total volume reaches 88,537 with an open interest of 409. The most traded puts are contracts of a $420 strike price that expires on Apr. 26th; the volume is 50,531 contracts with an open interest of 5,005.
Meta Platforms stock slid 10.6% to a near three-month low, after the Facebook parent forecast weaker-than-expected revenue for the second quarter due to higher spending on artificial intelligence. The stock had fallen as much as 16% intraday.
$Microsoft(MSFT.US$ shares fell by 2.45%, closing at $399.04. Its options trading volume was 0.70 million. Call contracts account for 58.5% of the total trading volume. The most traded calls are contracts of $400 strike price that expire on Apr. 26th. The total volume reaches 25,327 with an open interest of 3,340. The most traded puts are contracts of a $370 strike price that expires on Apr. 26th; the volume is 10,778 contracts with an open interest of 2,188.
Microsoft reported its fiscal third quarter earnings Thursday, beating analysts' estimates on the top and bottom lines on the strength of its cloud computing business.
Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry," Microsoft CEO Satya Nadella said in a statement.
Microsoft said its AI services contributed 7 percentage points of growth to its Azure and other cloud services revenue. That's up from 6 percentage points in Q2, and 3 points in Q1. Microsoft first broke out its AI percentage contributions to Azure in Q4 last year, saying it added 1 percentage point to Azure revenue at the time.
$Alphabet-A(GOOGL.US$ shares fell by 1.97%, closing at $156. Its options trading volume was 0.65 million. Call contracts account for 50.7% of the total trading volume. The most traded calls are contracts of $160 strike price that expire on Apr. 26th. The total volume reaches 20,940 with an open interest of 14,897. The most traded puts are contracts of a $150 strike price that expires on Apr. 26th; the volume is 20,992 contracts with an open interest of 14,203.
Alphabet shares rallied in extended trading on Thursday after the company reported results that topped analysts' estimates, showed soaring profits in its cloud division and announced its first dividend. Alphabet said its board approved a cash dividend of 20 cents per share to be paid on June 17, to stockholders of record as of June 10. The company said it "intends to pay quarterly cash dividends in the future." Alphabet's dividend follows Meta, which announced its first dividend in February.
Unusual Stock Options Activity
Some notable call activity is being seen in $Meta Platforms(META.US$, which is primarily being driven by activity on the April 26 Call. Volume on this contract is 77,503 versus open interest of 161.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, WSJ, Reuters
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