Options Market Statistics: Super Micro Computer Shares Climb Following Bullish Coverage from BofA, Options Pop
News Highlights
$Tesla(TSLA.US$ shares rise by 6.22%, closing at $200.45. Its options trading volume is 3.21 million. The most traded calls are contracts of $190 strike price that expire on Feb 16th. The total volume reaches 103,150 with an open interest of 21,200. The most traded puts are contracts of a $182.5 strike price that expires on February 16th; the volume is 128,835 contracts with an open interest of 11,252.
Tesla rose 6% amid rising optimism that the Biden administration could enact proposed Environmental Protection Agency regulations next month that might speed up the electric vehicle transition.
$Super Micro Computer(SMCI.US$ shares rise by 14.02%, closing at $1004.2. Its options trading volume is 0.51 million. The most traded calls are contracts of $800 strike price that expire on Feb 16th. The total volume reaches 9,091 with an open interest of 2,545. The most traded puts are contracts of a $700 strike price that expires on February 16th; the volume is 9,413 contracts with an open interest of 3,265.
The catalyst that drove the server and storage solution specialist's stock higher was bullish coverage by a major bank. Bank of America initiated coverage on Supermicro with buy rating and a Street-high price target. Its analyst suggests the AI server market may be much bigger than some believe.
Unusual Stock Options Activity
Some notable put activity is being seen in $Carvana(CVNA.US$, which is primarily being driven by activity on the May 17th Calls. Volume on this contract is 21,757 versus open interest of 296.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, CNBC, The Motley Fool
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