Options Market Statistics: Palantir Shares Trade Higher Amid Conflict in the Middle East, Options Pop
News Highlights
$Tesla(TSLA.US$ shares fell by 0.33%, closing at $259.67. Its options trading volume is 1.21 million. Call contracts account for 57.1% of the whole trading volume. The most traded calls are contracts of $260 strike price that expire on October 13th. The total volume reaches 29,456 with an open interest of 7,412.
Wells Fargo analyst Colin Langan maintains Tesla with a Equal-Weight and lowers the price target from $265 to $260.
$NVIDIA(NVDA.US$ shares fell by 1.07%, closing at $452.73. Its options trading volume is 0.66 million. Call contracts account for 55.8% of the whole trading volume.
Nvidia stock has come in focus after a recent report that OpenAI is exploring plans that could cut out the chip maker as a supplier. But there remain good reasons to stay bullish on Nvidia.
$Palantir(PLTR.US$ shares rose by 6.02%, closing at $17.61. Its options trading volume is 0.60 million. Call contracts account for 74.4% of the whole trading volume. The most traded calls are contracts of $20 strike price that expire on November 17th. The total volume reaches 6,889 with an open interest of 18,929. The most traded puts are contracts of a $14.5 strike price that expires on October 13th; the volume is 6,708 contracts with an open interest of 3,721.
Palantir Technologies Inc shares trade higher during Monday's session amid conflict in the Middle East. The Palestinian militant organization Hamas, which controls the Gaza Strip, launched a series of rocket attacks on Israel over the weekend.
These attacks continued into Sunday and resulted in significant casualties, with over 1,100 people reported dead, including 700 Israelis, over 2,000 injured and hundreds of civilians and military personnel held hostage in Gaza.
Palantir provides software for security and surveillance purposes. In a conflict situation, there might be a heightened focus on monitoring and analyzing data related to security threats, which could lead to increased demand for Palantir's products.
Unusual Stock Options Activity
Some notable put activity is being seen in $Mondelez International(MDLZ.US$, which is primarily being driven by activity on the June 21st 2024 55.00 put. Volume on this contract is 16,166 versus open interest of 542, 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
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Chak : How the fducks you forgot to mention LMT and HUBC in this article ? Slowly this pos PLTR has become a merchant of death stock