Options Market Statistics: Options Popped as Investors Placed Bets Before Nike Revealed Earnings
News Highlights
$Meta Platforms (META.US)$ shares increased 0.70%, with with option volume of 0.37 million, and calls accounted for 58.2% of the volume. The $585 calls expiring October 4 were traded most actively.
Meta Platforms said on Tuesday that the company will expand artificial intelligence investment in Vietnam, including production of its mixed reality Quest 3S headsets in the country from next year, Reuters reported, citing Nick Clegg, the firm's president for global affairs. Meta Platforms shares were nearly 1% higher pre-bell.
$Nike (NKE.US)$ stock price increased 0.83%, with with option volume of 0.36 million, and calls accounted for 50.4% of the volume. The $90 calls expiring October 4 were traded most actively.
Investors were placing a bet on Nike's quarterly results. Nike logged another drop in revenue in the latest quarter after seeing continued pressure in its core North American market.
The sportswear brand on Tuesday said fiscal first-quarter profit for the three months ended Aug. 31 fell to $1.05 billion, or 70 cents a share, from $1.45 billion, or 94 cents a share, for the same period a year earlier. Analysts polled by FactSet had forecast per-share earnings of 52 cents. Revenue was down 10% to $11.59 billion, missing Wall Street expectations of $11.64 billion but in line with management views.
The company's stock price fell 6% in the after-hours trading.
Unusual Stock Options Activity
There was a noteworthy activity in $Relay Therapeutics (RLAY.US)$, where $5 puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 173.1x with 20,074 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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