To The Moon

Options Market Statistics: Tesla Shares Fall, Options Pop After Deliveries Fell Below Analyst Estimate $Tesla Motors(TSLA)$ shares fell by 4.90%, closing at $166.63. Its options trading volume was 2.13 million. Call contracts account for 46.7% of the total trading volume. The most traded calls are contracts of $185 strike price that expire on Apr. 5th. The total volume reaches 40,606 with an open interest of 14,632. The most traded puts are contracts of a $175 strike price that expires on Apr. 5th; the volume is 39,539 contracts with an open interest of 19,766. Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. Shares dropped about 5%. According to a mean of 11 estimates compiled by FactSet, analysts were expecting deliveries of around 457,000 for the period ending March 31. Estimates ranged from a high of 511,000 deliveries to a low of 414,000 for the first quarter, with estimates updated in March ranging from 414,000 to 469,000 deliveries. Tesla's deliveries fell below even the lowest analyst estimate. $Nikola Corporation(NKLA)$ shares fell by 5.48%, closing at $0.9736. Its options trading volume was 0.27 million. Call contracts account for 18.6% of the total trading volume. The most traded calls are contracts of $1 strike price that expire on Apr. 5th. The total volume reaches 19,587 with an open interest of 15,042. The most traded puts are contracts of a $1 strike price that expires on Apr. 5th; the volume is 3,841 contracts with an open interest of 586. The big EV news today was a major disappointment from industry leader Tesla for its first-quarter deliveries. Tesla deliveries declined 8.5% year over year and badly missed average analyst estimates. Tesla competes with Nikola with its electric Semi trucks, but there's little overlap beyond that. Nikola has also pivoted more toward supplying hydrogen fuel cell vehicles rather than its battery electric heavy trucks. Regardless, Tesla's miss has investors concerned that demand is waning more than many expected for EVs in general. $Meta Platforms, Inc.(META)$ shares rose by 1.23%, closing at $497.37. Its options trading volume was 0.26 million. Call contracts account for 54.3% of the total trading volume. The most traded calls are contracts of $500 strike price that expire on Apr. 5th. The total volume reaches 7,477 with an open interest of 1,993. Meta's fiscal first quarter ended in March. The social media giant will announce its results for the period on April 24, Meta announced Monday. For the period, analysts project Meta will posts sales of $36.05 billion, according to FactSet, up 26% from the same period in 2023. Earnings are projected to rise 95% to $4.29 per share. The turnaround for Meta's sales growth started with the company's first quarter 2023 report last spring. Meta squeaked out a 2.6% year over year increase in revenue, to $28.65 billion, for its March 2023 quarter. Before that, Meta's sales had declined year over year for three consecutive quarters. Since then, the Facebook parent company's year over year sales growth has accelerated three quarters in a row, up to a 24% in the fourth quarter of 2023. The projections see Meta pushing that growth rate slightly higher for its most recent quarter, despite coming up against a harder comparison. @TigerStars @CaptainTiger @TigerWire @Daily_Discussion @Tiger_chat @Tiger_comments @MillionaireTiger