Options Market Statistics: Amazon Stock Plunges as US Accuses Online Giant of Illegal Monopoly, Options Pop
News Highlights
$Tesla(TSLA.US$ shares fell by 1.16%, closing at $244.12. Its options trading volume is 1.41 million. Call contracts account for 52.0% of the whole trading volume. The most traded calls are contracts of $260 strike price that expire on September 29th. The total volume reaches 61,279 with an open interest of 6,183. The most traded puts are contracts of a $250 strike price that expires on September 29th; the volume is 47,606 contracts with an open interest of 13,830.
In an upcoming announcement, Tesla is set to report its third-quarter deliveries, raising questions on whether Wall Street estimates may not decrease rapidly or significantly enough in anticipation, Barron's reported.
Analysts' forecasts usually dip in the weeks preceding the quarter's end. Initially, Wall Street anticipated 473,000 units for Tesla's Q3; however, the consensus among FactSet-tracked analysts has dropped to 461,000 units, a 2.5% decrease.
Contrary to this consensus, New Street Research analyst Pierre Feragu forecasts 438,000 units, a 5% decline from the current consensus. Feragu cited "Factory shutdowns to drive material miss."
$Amazon(AMZN.US$ shares fell by 4.03%, closing at $125.98. Its options trading volume is 0.98 million. Call contracts account for 55.9% of the whole trading volume. The most traded calls are contracts of $132 strike price that expire on September 29th. The total volume reaches 17,275 with an open interest of 6,635. The most traded puts are contracts of a $130 strike price that expires on September 29th; the volume is 10,262 contracts with an open interest of 4,031.
The Federal Trade Commission (FTC) said Amazon uses "a set of interlocking anticompetitive and unfair strategies" to push up prices and stifle competition.
Amazon said the lawsuit was "wrong on the facts and law, and we look forward to making that case in court". It is the latest technology giant to be sued by US regulators. The FTC's boss, Lina Khan, has had Amazon in her crosshairs for years.
$Bank of America(BAC.US$ shares fell by 1.56%, closing at $27.17. Its options trading volume is 0.22 million. Call contracts account for 40.4% of the whole trading volume. The most traded calls are contracts of $28.5 strike price that expire on September 29th. The total volume reaches 14,514 with an open interest of 6,939. The most traded puts are contracts of a $27.5 strike price that expires on September 29th; the volume is 14,514 contracts with an open interest of 6,939.
Unusual Stock Options Activity
Some notable put activity is being seen in $Seagen(SGEN.US$ ,which is primarily being driven by activity on the June 21st 2024 220.00 put. Volume on this contract is 46,840 versus open interest of 129, so it's likely that nearly all of the volume represents fresh positioning.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
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D Blaine : AMZN “plunges”?! Down 4% in a down market is hardly a plunge. How about say ‘drops’ or ‘decliners.’