MightyJoe
2023-02-24

holistic view

@MrzorroOptions Market Statistics (2/23): Unusual Options Activity in AMC Entertainment and Luminar U.S. stocks opened higher Thursday after a dayslong selloff driven by concerns about the trajectory of interest rates. The gains suggested the U.S. stock market might stabilize Thursday after a wave of selling pressure that sent the S&P 500 down 3.8% over four trading days. Concerns that the Federal Reserve could lift interest rates higher than previously expected, and maintain them there for longer, have been a key driver of those losses, and have stoked volatility across asset classes. The electric-vehicle pioneer's 2023 investor event is coming up on March 1. $Tesla Motors(TSLA)$ shares edged higher by 2% yesterday, with option volume of nearly 2.69 million, and calls accounted for56.1%of the volume. The 200.00 calls and 190.00 puts lead the flow. $AMC Entertainment(AMC)$ shares jumped 2% yesterday, with volume nearly 2x normal at nearly 910,000 contracts, and calls accounted for 55.6% of the volume. The 10.00 calls and puts were traded most actively, signaling drastic volatility ahead. Intel announced a dividend cut by two-thirds to $0.125 in order to conserve cash while preparing for a substantial increase in its chip manufacturing capacity in the U.S. Shares closed more than 2% lower yesterday. $Intel(INTC)$ shares fell over 2.67%, with option volume of nearly 430,000, and calls accounted for almost 50% of the volume. Luminar Technologies announced the expansion of its partnership with the popular car manufacturer, Mercedes-Benz. $Luminar Technologies, Inc.(LAZR)$ shares rallied over 29%, with volume nearly 4x normal at nearly 400,000 contracts, and puts accounted for 51.8% of the volume. @TigerStars @CaptainTiger @Daily_Discussion @MillionaireTiger
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