Options Market Statistics: Tesla Stock Climbs After Receiving Ride-Hailing Permit; Options Pop

Options Newsman wrote a column · Mar 20 09:25

News Highlights

$Tesla (TSLA.US)$ shares rose 4% on Wednesday. The most traded calls are contracts of $240 strike price that expire on Mar 21 and the total volume reaching 131,796 with the open interest of 14,649.

Chief Executive Elon Musk's company received the green light on Tuesday from the California Public Utilities Commission for a transportation charter-party carrier permit. That gives Tesla the ability to transport employees in company-owned vehicles before potentially later transporting members of the public.

While technically a step toward the Tesla robotaxi, the permit is related to taxis, not fully autonomous vehicles. Musk has said that unsupervised full self-driving, or FSD, will come as a paid service to Austin, Texas, in June. Musk has also claimed there will be robotaxi tests in many U.S. cities by year end.

Options Market Statistics: Tesla Stock Climbs After Receiving Ride-Hailing Permit; Options Pop

Unusual Stock Options Activity

There was a noteworthy activity in $The Mosaic (MOS.US)$, with $28.5 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 126.6x with 14,175 contracts.

Daily Active Index & Sector ETF Options

Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch

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Open Interest: Open Interest Analysis: How to potentially grasp the market's capital flow?

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Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile

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