Options Market Statistics: Wall Street Anticipates Positive Earnings from Nvidia, Options Pop
News Highlights
$Tesla(TSLA.US$ shares fell by 4.23%, closing at $244.88. Its options trading volume is 3.09 million. Call contracts account for 53.7% of the whole trading volume. The most traded calls are contracts of $255 strike price that expire on September 22nd. The total volume reaches 202,204 with an open interest of 5,467. The most traded puts are contracts of a $250 strike price that expires on September 22nd; the volume is 179,986 contracts with an open interest of 26,530.
From June through August, Tesla sold about 13,000 EVs a week to Chinese car buyers. September sales have dropped to about 9,000 a week, according to insurance registration data collected by Citi analyst Jeff Chung.
$NVIDIA(NVDA.US$ shares rose by 1.45%, closing at $416.10. Its options trading volume is 1.37 million. Call contracts account for 47.1% of the whole trading volume. The most traded calls are contracts of $420 strike price that expire on September 22nd. The total volume reaches 163,279 with an open interest of 9,817. The most traded puts are contracts of a $415 strike price that expires on September 22nd; the volume is 174,729 contracts with an open interest of 10,433.
Wall Street will be looking for positivity from Nvidia as it approaches its next earnings report date. In that report, analysts expect Nvidia to post earnings of $3.32 per share. This would mark year-over-year growth of 472.41%. Meanwhile, our latest consensus estimate is calling for revenue of $16.04 billion, up 170.46% from the prior-year quarter.
Unusual Stock Options Activity
Some notable call activity is being seen in $TJX Companies(TJX.US$, which is primarily being driven by activity on the October 20nd 96.00 call. Volume on this contract is 20,393 versus open interest of 235.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC, WSJ
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