Options Market Statistics: Rivian Stock Gets a Boost Ahead of R2 Launch With New Buy Rating
News Highlights
$Rivian Automotive(RIVN.US$ shares rose by 13.42%, closing at $12.51. Its options trading volume is 0.86 million. Call contracts account for 83.3% of the total trading volume. The most traded calls are contracts of $15 strike price that expire on Jun 21st. The total volume reaches 85,371 with an open interest of 88,306. The most traded puts are contracts of a $12 strike price that expires on Mar 8th; the volume is 14,725 contracts with an open interest of 2,417.
EV maker Rivian's stock is trending Thursday ahead of the highly anticipated launch of its new R2 electric SUV. Rivian stock scored a buy rating from Jefferies Finacial Group, suggesting over 45% upside potential.
$Meta Platforms(META.US$ shares rose by 3.25%, closing at $512.19. Its options trading volume is 0.72 million. Call contracts account for 69.4% of the total trading volume. The most traded calls are contracts of $510 strike price that expire on Mar 8th. The total volume reaches 58,595 with an open interest of 7,552. The most traded puts are contracts of a $500 strike price that expires on Mar 8th; the volume is 27,006 contracts with an open interest of 2,361.
Meta Platforms shares reached a record high during Thursday's intraday trading session, driven by the company's robust advertising revenue. Notably, $PDD Holdings(PDD.US$ —the parent company of the rapidly growing e-commerce platform Temu — has emerged as one of Meta's top advertisers, spending an impressive $2 billion on advertising across Meta's platforms.
Unusual Stock Options Activity
There was a noteworthy activity in $NVIDIA(NVDA.US$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 126.1x, with option volume of nearly 29,634 and open interest of 235.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, Barron's, The Motley Fool
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thetime_1998 : Since this is for the future, I will buy and put it on the shelved until further notice.