To The Moon

Options Market Statistics: Faraday Future's Stock Quickly Reverses and Falls After Touching $3.90 Intraday High, Options Pop

$Tesla Motors(TSLA)$   shares ended 1.50% higher on Friday. Its options trading volume was 2.32 million. Call contracts account for 52.8% of the total trading volume. The $177.5 puts expiring May 17 were traded most actively.

Tesla is advancing plans to develop its self-driving technology by using data from China, as reported by Reuters Friday. The electric vehicle giant has expressed its desire to build a data center in China to develop artificial intelligence algorithms for autonomous vehicles. This would require a partnership with a local company. Additionally, Tesla has engaged in talks with Nvidia about purchasing graphic processing units for the proposed data center, Reuters reported, citing a source familiar with the matter.

Meanwhile, a German local council has given the green light to Tesla's proposal to expand the grounds of its first European plant. The plan, which faced persistent protests this year, involves adding a freight depot and logistical space to the company's factory, which opened in 2022.

$Faraday Future Intelligent Electric Inc.(FFIE)$   shares ended 37.58% lower. Its options trading volume was 1.47 million. Call contracts account for 51.6% of the total trading volume. The $1 puts expiring May 17 were traded most actively.

Shares of $Faraday Future Intelligent Electric Inc.(FFIE)$  experienced heavy trading volume and roller-coaster-like trend on Friday, with over 1.2 billion shares traded. The stock's 100-day average volume is 103.556 million shares, and 85.71% of shares are being sold short, according to data from Benzinga Pro. The stock experienced significant fluctuations as a result of the meme stock craze, surging over 8000% in the past week and hitting an intraday peak of $3.90 on Friday before reversing course. Despite its earlier gains, the stock ultimately closed lower on Friday.

$GameStop(GME)$   shares ended 19.73% lower. Its options trading volume was 1.13 million. Call contracts account for 57.5% of the total trading volume. The $20 puts expiring May 17 were traded most actively.

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