Options Market Statistics: Coinbase Shares Surge on Earnings Beat, Options Pop
News Highlights
$Coinbase(COIN.US$ shares rise by 15.44%, closing at $191.25. Its options trading volume is 0.65 million. The most traded calls are contracts of $160 strike price that expire on Feb 16th. The total volume reaches 11,548 with an open interest of 6,828. The most traded puts are contracts of a $150 strike price that expires on February 16th; the volume is 5,255 contracts with an open interest of 2,144.
Coinbase Global surpassed Wall Street forecasts with strong Q4 earnings of $1.04 per share and revenue of $905 million, a significant increase from a $2.46 loss per share and $605 million in sales year-over-year. The company expressed confidence in its financial strength and future opportunities in a shareholder letter.
$Super Micro Computer(SMCI.US$ shares fall by 12.05%, closing at $883.01. Its options trading volume is 0.98 million. The most traded calls are contracts of $1000 strike price that expire on Feb 16th. The total volume reaches 15,018 with an open interest of 2,952. The most traded puts are contracts of a $800 strike price that expires on February 16th; the volume is 13,253 contracts with an open interest of 678.
Wells Fargo analyst Aaron Rakers initiated coverage on Supermicro with an "equal weight" rating and a $960 price target, below today's opening price of $1,045 per share. Despite acknowledging the company's strong performance catalysts, the lower target may have prompted the day's sell-off.
Unusual Stock Options Activity
Some notable put activity is being seen in $Patterson-UTI Energy(PTEN.US$, which is primarily being driven by activity on the March 15th Puts. Volume on this contract is 35,160 versus open interest of 304.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, Barron's, The Motley Fool
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