Options Spy | Mixed Sentiment in Index Options, Aggressive Tesla Call Buying This Week
@OptionsBB:
U.S. economic indicators point to steady expansion, and the market expects the Federal Reserve to achieve a soft landing. The S&P 500 hit its 22nd record high this year, and the Dow Jones Industrial Average also set a new closing high record.The overall options trading on the S&P 500 index showed a slightly bearish bias. Open interest in put options far exceeded call options, with a surge in open interest for May options.The most actively traded new call option was the April 5th expiry with a $530 strike price, with 40,000 new openings, mainly buy-to-open orders, suggesting expectations of a 1.3% rise in the S&P 500 over the next week.For Tesla, due to the company raising prices on some vehicle models, options activity showed that the $187.5 call options expiring on April 5th w