Options Market Statistics: Tes-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Options Market Statistics: Tesla Stock Slumps After Musk Announces New Political Party

$Tesla Motors(TSLA)$ had active options trading, with a total trading volume of 2.37M options for the day, and the put-call ratio is 1.04.

Tesla's stock fell nearly 7% on Monday, losing over $68 billion in value, after CEO Elon Musk said he plans to start a new political party. Traders who bet against Tesla are expected to make about $1.4 billion in profits on paper from the stock's drop on Monday.

Musk announced on Saturday that the party, called the "America Party," would try to win a few key seats in Congress — about 2 or 3 in the Senate and 8 to 10 in the House. He said this would give the party enough power to influence important laws and make sure they reflect what people really want.

There was a noteworthy activity in $Tesla Motors(TSLA)$ , with $292.5 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 260.9x with 48,261 contracts.

@TigerStars @CaptainTiger @TigerWire @Daily_Discussion @Tiger_chat @Tiger_comments @MillionaireTiger

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