Unusual Option Talks? Tesla's back
AI frenzy at the beginning of the year put chip stocks in the limelight.
Despite the high stock price, the options trading volume for $NVIDIA Corp(NVDA)$ remains high, even surpassing $Tesla Motors(TSLA)$
By the middle to late March, investors slowly adapt to the current trend, and the volatility of chip stocks has also decreased significantly.
NVDA's current IV Rank (a percentage of the high and low IV points in the past 52 weeks) remains at 42%, while other AI stocks have all retreated below the 50th percentile.
Relatively stable are $Advanced Micro Devices(AMD)$ and $NVIDIA Corp(NVDA)$
On the other hand, Tesla (TSLA), after the retreat in the past few weeks following the financial report, has begun to stabilize and many investors are positioning or buying the dip at this level, with an upward change in IV.
Sales for March may be announced this week, which, of course, is not the only reason but a significant factor driving investor trading activity.
In terms of other unusual options movements, apart from several abnormal closures occurring at the end of the week, it mainly involves some medium to long-term options movements, such as $General Motors(GM)$ $Quantumscape Corp.(QS)$ and $Alcoa(AA)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
