Options Market Statistics: TSLA Shares Fall and Options Pop as Reports Suggest the Company Scraps Low-cost Car Plans
News Highlights
$Tesla(TSLA.US$ shares fell by 3.63%, closing at $164.90. Its options trading volume was 3.83 million. Call contracts account for 48.3% of the total trading volume. The most traded calls are contracts of $170 strike price that expire on Apr. 5th. The total volume reaches 106,470 with an open interest of 29,026. The most traded puts are contracts of a $165 strike price that expires on Apr. 5th; the volume is 133,627 contracts with an open interest of 28,333.
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.
The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.
The decision represents an abandonment of a longstanding goal that Tesla opens new tab chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first "master plan", opens new tab for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a "low cost family car."
Tesla did not respond to requests for comment, says Reuters, but after the story was published, Musk posted on his social media site X that "Reuters is lying (again)". He did not identify any specific inaccuracies.
$NVIDIA(NVDA.US$ shares rose by 2.45%, closing at $880.08. Its options trading volume was 1.68 million. Call contracts account for 57.4% of the total trading volume. The most traded calls are contracts of $900 strike price that expire on Apr. 5th. The total volume reaches 70,484 with an open interest of 10,845. The most traded puts are contracts of a $890 strike price that expires on Apr. 5th; the volume is 27,438 contracts with an open interest of 5,885.
$Intel(INTC.US$ shares fell by 2.57%, closing at $38.71. Its options trading volume was 0.35 million. Call contracts account for 54.7% of the total trading volume. The most traded calls are contracts of $41 strike price that expire on Apr. 5th. The total volume reaches 19,912 with an open interest of 585. The most traded puts are contracts of a $41 strike price that expires on Apr. 5th; the volume is 19,912 contracts with an open interest of 585.
Unusual Stock Options Activity
Some notable call activity is being seen in $Bausch Health(BHC.US$, which is primarily being driven by activity on the May 17 call. Volume on this contract is 8,854 versus open interest of 152.
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Source: Barchart, Unusual Whales, Benzinga
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Master Corgi : Fake news
103009447 : Who said?
Donald Froneberger : Elon already came out and said that’s not true. Also shares are rising on the announcement that Elon is unveiling the robotaxi Aug 8th
huang002339 : Why are we still reporting this? Elon already replied is fake
Firdaus Siew huang002339: JJ hi nj
72734102 Master Corgi: Google only runs All Negative Fake News Against Tesla! Reuters and Yahoo Finance are daily Trying to Bring down Tesla with Lies and Totally misleading Fake Articles! And GOOGLE who is Tesla’s Number one AI competitor puts those FAKE outlets out front daily??? Mmmm Elon is considering Suing them all. Rightfully so! Rumble still hasn’t settled their 2,000,000,0000 Lawsuit against Google for anti trust manipulation! Get these assholes Elon
Master Corgi : Bloody manipulation
Master Corgi huang002339: They probably don’t know it’s fake yet lol
Master Corgi Donald Froneberger: Too late for those that sold due to the fake news.
huang002339 Master Corgi: We need compensation
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