Options Spy | Tesla hits bottom and rebounds
The government shutdown crisis was temporarily resolved, and the 10-year U.S. bond rate rose to its highest since 2007, Apple rose about 1.5 percent, and TSMC rose nearly 1 percent. The focus will be on Friday's non-farm payrolls data, with Wall Street estimating a gain of 163,000 jobs, down from 187,000 in August.
Fed Chairman Jerome Powell noted that the U.S. economy is still dealing with the effects of the pandemic, labor shortages in the health care sector, continued difficulties in child care services, and a deepening health crisis. Powell did not comment on current monetary policy or the economic outlook.
The government shutdown crisis temporarily stopped the bleeding, the US Congress finally reached a consensus before the deadline, with 335 votes to 91 votes, through the short-term spending budget bill proposed by the Speaker of the US House of Representatives McCarthy, temporarily ending the government shutdown crisis.
However, the bill is only a stopgap measure, only to help the federal government for an extra 45 days, until mid-November, Congress will need to fund the government again in the next few weeks, then the two parties may face a more serious situation.
The United Auto Workers union said casino workers in Detroit will join the general strike of auto workers, and a new wave of strikes is also brewing. Kaiser Permanente, the largest private managed care organization in the United States, warned that its members plan to go on strike from October 4 to 6 if a labor agreement is not reached.
FANNG stock option move:
Tesla delivered 435,059 vehicles worldwide in the third quarter as factory shutdowns caused its deliveries to decline for the first time in more than a year. Deliveries announced Monday were lower than expected. Several Wall Street analysts have recently lowered their delivery estimates, with the consensus forecast falling to 456,722 on Friday. Tesla delivered 466,140 vehicles in the second quarter. Selling a put option indicates a bottom in the stock price:
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Option buyer open position (Single leg)
Buy TOP T/O:
$KMX 20240119 70.0 PUT$ $NVDA 20231110 445.0 CALL$
Buy TOP Vol:
$ONON 20231006 26.0 PUT$ $MARA 20240315 8.0 PUT$
Note: This image data is from Tiger PC. This screening is a significant buy open position for options contracts in the market. The purchase of a call option means that the trader believes that the underlying has upward momentum, and the purchase of a put option means that the trader believes that the underlying has downward momentum. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.
Option seller open position (Single leg)
Sell TOP T/O:
$TSLA 20231027 245.0 PUT$ $MCD 20231020 280.0 PUT$
Sell TOP Vol::
$PTEN 20231020 11.0 PUT$ $NKLA 20231013 1.5 CALL$
Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.
Options portfolio open position
Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.
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