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Options Market Statistics: SMCI Shares Tumble Nearly 7% on Black Friday; Options Pop

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Options Newsman wrote a column · Nov 30 09:48
News Highlights
$Super Micro Computer (SMCI.US)$ experienced a significant drop of nearly 7% on Black Friday, marking another volatile trading session for the server manufacturer. The most actively traded put options were those with a $30 strike price, set to expire on November 29. The total trading volume for these contracts reached 31,360, while the open interest stood at 36,231.
As it strives to avoid delisting from the Nasdaq due to delayed financial filings, its stock has become a favored target for day traders. The company's shares have exhibited extreme fluctuations, joining an exclusive group of stocks that have alternated between being the S&P 500's top performer and its worst in consecutive days. Notably, Super Micro's stock has swung by 10% or more in either direction on more than half of the trading days this month.
Despite taking steps to resolve its listing issues, Super Micro faces ongoing challenges. The company's financials are currently under review by BDO after Ernst & Young's resignation, potentially leading to further delays in meeting filing deadlines. Until these uncertainties are addressed, the stock is expected to continue its volatile trajectory.
Options Market Statistics: SMCI Shares Tumble Nearly 7% on Black Friday; Options Pop
On Friday, shares of $ZIM Integrated Shipping (ZIM.US)$ experienced a slight decline of 0.27%. Notably, the most actively traded options were calls with a $15 strike price, set to expire on January 16. These options saw a total trading volume of 125,983, with an open interest registered at 7,375.
Options Market Statistics: SMCI Shares Tumble Nearly 7% on Black Friday; Options Pop
Options Market Statistics: SMCI Shares Tumble Nearly 7% on Black Friday; Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $Nike (NKE.US)$, with $85.00 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 92.7x with 21,603 contracts.
Options Market Statistics: SMCI Shares Tumble Nearly 7% on Black Friday; Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: SMCI Shares Tumble Nearly 7% on Black Friday; Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Optionsbefore engaging in any options trading strategies. Opening new options positions close to or on their expiration date comes with substantial risk of losses for reasons that include potential volatility of the underlying security and limited time to expiration. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including i potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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