Options Market Statistics: Tesla Stocks Rise and Options Pop as Tesla Offers US Customers Free One-Month FSD Beta Trial
News Highlights
$Tesla(TSLA.US$ shares rose by 2.92%, closing at $177.67. Its options trading volume was 2.58 million. Call contracts account for 54.8% of the total trading volume. The most traded calls are contracts of $170 strike price that expire on Mar. 28th. The total volume reaches 65,031 with an open interest of 22,273. The most traded puts are contracts of a $160 strike price that expires on Mar. 28th; the volume is 58,190 contracts with an open interest of 17,449.
Shares of EV stock Tesla jumped as much as 5.2% Tuesday, despite Bernstein cutting the stock's price target to $120 per share. Bernstein cited soft demand for Tesla's EVs as its reason for lowering the price target, reducing predicted Tesla car sales, and maintaining its sell rating.
Tesla is about to start giving every customer in the U.S. a one-month trial of its $12,000 driver-assistance system, which it calls Full Self-Driving Beta, provided they have a car with the compatible hardware. The company is also reportedly mandating, at CEO Elon Musk's request, that prospective buyers are given a demo of the software before they purchase a new Tesla.
$Meta Platforms(META.US$ shares fell by 1.42%, closing at $495.89. Its options trading volume was 0.39 million. Call contracts account for 73% of the total trading volume. The most traded calls are contracts of $510 strike price that expire on Mar. 28th. The total volume reaches 5,243 with an open interest of 4,082.
$Arm Holdings(ARM.US$ shares fell by 7.48%, closing at $127.96. Its options trading volume was 0.34 million. Call contracts account for 60.6% of the total trading volume. The most traded calls are contracts of $140 strike price that expire on Mar. 28th. The total volume reaches 5,714 with an open interest of 3,598.
Unusual Stock Options Activity
Some notable call activity is being seen in $PDD Holdings(PDD.US$, which is primarily being driven by activity on the Oct. 18th call. Volume on this contract is 10,255 versus open interest of 132.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, Barron's, The Motley Fool
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