To The Moon

Options Market Statistics: Trump Media Stock Jumps 11% Again as Election Day Draws Near, Options Pop

$Tesla Motors(TSLA)$   shares continued their upward trajectory on Friday, climbing an additional 3.34% to close at $269.19. The trading session was marked by substantial options activity, with a volume of 4.69 million contracts, of which 58.3% were calls. The most actively traded options were the $270 calls set to expire on October 25.

This follows a remarkable 22% surge the previous day, marking Tesla's largest single-day gain in 11 years, which was driven by quarterly earnings and operating margins that exceeded market expectations, underscoring the company's robust financial performance. Analysts overhaul Tesla stock price target after earnings blowout.

George Gianarikas from Canaccord Genuity raised the firm's price target on Tesla to $278 from $254, characterizing Tesla's earnings as a narrative of product cycle momentum, with accelerated revenue and earnings growth. Tesla plans to manufacture a lower-cost model next year and aims to produce around 2 million units of its new robotaxi, the Cybercab, by 2026, signaling a robust future trajectory for the firm. Meanwhile, Wedbush analyst Dan Ives, maintaining an 'outperform' rating and a $300 price target, noted that improved margin figures indicate Tesla's focus on profitability, alongside its future plans. With earlier price cuts now behind them, these results underscore Tesla's capability to expand margins as it advances in AI and Full Self-Driving (FSD) technology.

$Trump Media & Technology(DJT)$   experienced an 11.44% rise in its stock price, closing at $38.95. The options market was notably active, with a volume of 0.54 million contracts, where calls constituted 56.5% of the activity. Among the options, the $12 puts set to expire on November 15 were the most actively traded.

Over the past month, $Trump Media & Technology(DJT)$   has been highly volatile, with expectations of further dramatic shifts following the presidential election results. Data from Trader Oasis, as reported by Barron's, suggest that once the election winner is announced, the stock could either drop below $20 or more than double to surpass $70.

Trader Oasis' founder, Eric Hale, noted that traders are preparing for substantial movements in the stock price, anticipating a resolution by November 15. Options contracts suggest uncertainty about the election results being finalized by November 8. The current race between Vice President Kamala Harris and former President Donald Trump remains highly competitive. Trump Media's stock, trading as DJT, is largely seen as a proxy for Trump's chances of winning, with its price closely mirroring the odds implied by Polymarket. Hale emphasized the strong correlation between DJT's stock performance and Trump's implied electoral success, highlighting its role as an indicator of Trump's prospects.

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