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        Options Market Statistics: Microsoft's Market Cap Reaches $2.73 Trillion as Share Price Hits All-Time High, Options Pop

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        Options Newsman wrote a column · 11/11/2023 09:03
        News Highlight
        $Tesla(TSLA.US)$ shares rose by 2.22%, closing at $214.65. Its options trading volume is 3.39 million. Call contracts account for 52.7% of the whole trading volume.
        Tesla's stock price showed resilience Friday despite potential unionization headwinds and recent concerns from HSBC analysts who downgraded the company to "Reduce" and set a price target of $146 due to worries about profitability of upcoming projects and reliance on CEO Elon Musk.
        The share price remained steady above the key support level of $210, indicating investor confidence.
        $Microsoft(MSFT.US)$ shares rose by 2.49%, closing at $369.67. Its options trading volume is 0.66 million. Call contracts account for 59.6% of the whole trading volume.
        Microsoft has achieved a fresh all-time high, with its shares crossing the $367 mark on Friday, establishing itself as a major player in the AI arena. With a market capitalization of $2.73 trillion, Microsoft now trails Apple by only $150 billion and continues to solidify its position as a leading tech giant.
        $Meta Platforms(META.US)$ shares rose by 2.56%, closing at $328.77. Its options trading volume is 0.49 million. Call contracts account for 51.4% of the whole trading volume.
        Meta is reportedly in discussions with Tencent to manufacture and brand a virtual reality headset using Meta's hardware specifications and software. According to a source familiar with the matter, talks are ongoing and a decision hasn't been made on branding or naming. The partnership may mark a return to China for Meta after Facebook and Instagram were blocked in the country. This collaboration would also bring together two significant players in the metaverse space. Tencent has been exploring deals to expand its metaverse ambitions, such as a potential acquisition of Chinese gaming handset maker Black Shark last year.
        Options Market Statistics: Microsoft's Market Cap Reaches $2.73 Trillion as Share Price Hits All-Time High, Options Pop
        Unusual Stock Options Activity
        Some notable put activity is being seen in $Medical Properties Trust Inc(MPW.US)$, which is primarily being driven by activity on the Dec 8th 3.50 put. Volume on this contract is 25,354 versus open interest of 172.
        Options Market Statistics: Microsoft's Market Cap Reaches $2.73 Trillion as Share Price Hits All-Time High, Options Pop
        Daily Active Index & Sector ETF Options
        Options Market Statistics: Microsoft's Market Cap Reaches $2.73 Trillion as Share Price Hits All-Time High, 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.
        Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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