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Options Market Statistics: Tesla Stock Surges, Options Pop Following Federal Reserve's Interest Rate Cut

$Tesla Motors(TSLA)$   shares surged 7.36% Thursday to close at $243.92, with option volume of 2.69 million, and calls accounted for 58.3% of the volume. The $235 calls expiring September 20 were traded most actively.

Tesla's stock surged on Thursday, influenced by the Federal Reserve's decision to cut short-term interest rates by 0.5 percentage points. This rate cut, which was more aggressive than anticipated, is expected to benefit high-growth companies like Tesla. Lower interest rates make car financing more affordable, potentially increasing demand for cars and boosting auto stocks. Despite this, $General Motors(GM)$   and  $Ford(F)$  saw their gains fade, closing slightly down, while Stellantis, Toyota, and Honda experienced better performance. 

Tesla's stock tends to be volatile around Fed decisions, often moving more significantly the day after the announcement. Year to date, Tesla's stock had been down about 9% due to declining EV sales, but strong recent sales in China could offset some of these challenges. European car sales showed a decline, particularly in electric vehicles, while Chinese sales appeared robust. 

$Meta Platforms, Inc.(META)$   shares climbed 3.93% Thursday to close at $559.10, with option volume of 0.55 million, and calls accounted for 63.6% of the volume.The $550 calls expiring September 20 were traded most actively.

Meta Platforms reached an all-time high stock price, marking an 80% increase over the past year. This surge is attributed to its advancements in social media and virtual reality, reflecting strong investor confidence and potential for future growth. Meta has also committed to environmental sustainability, securing a deal for up to 3.9 million carbon offset credits to achieve net-zero emissions by 2030. Additionally, Meta extended its partnership with EssilorLuxottica to develop smart eyewear, resulting in two generations of Ray-Ban branded smart glasses.

$SoFi Technologies Inc.(SOFI)$ shares rose 0.99% Thursday to close at $8.19, with option volume of 0.28 million, and calls accounted for 77.7% of the volume.The $8.5 calls expiring September 20 were traded most actively.

The Federal Reserve's recent half-percentage-point interest rate cut could significantly benefit SoFi Technologies, whose stock has struggled under high rates, trading below $10 and down over 17% year-to-date. Despite this, SoFi reported strong financials with a 22% year-over-year revenue increase to nearly $600 million in Q2 and a growing deposit base. 

Lower interest rates are expected to boost SoFi's lending division, which makes up 57% of its revenue. The company has also enhanced its business and home equity lending platforms, positioning itself for future growth.

SoFi is diversifying beyond lending into secured products like home equity loans, and its Financial Services segment saw AUM grow 58% year-over-year in Q2. The company is focusing on cross-selling to improve profitability and is innovating in areas like credit cards and "Buy Now, Pay Later" products, setting the stage for sustained growth.

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