Wall Street's three main indexes closed down on Friday(Mar 6) amid a sudden setback in the U.S. labor market and a 12% spike in U.S. oil prices due to the escalating conflict in the Middle East.
Regarding the options market, a total volume of 68,491,663 contracts was traded on Friday.
Top 10 Option Volumes
Source: Tiger Trade App
Tesla stock fell Friday, failing to eke out a gain for the week. An energy report from William Blair didn't give the shares a needed boost. Shares of the electric-vehicle maker dropped 2.2%, closing at $396.73, while the S&P 500 and Dow Jones Industrial Average lost 1.3% and 1%, respectively. Most stocks were down because of rising oil prices and a weak U.S. jobs report.
There are 3.3M Tesla option contracts traded on last Friday, up 67% from the previous trading day, of which call options account for 56%. A particularly high volume was seen for the $680 strike call options expiring Mar 13, with a total number of 86,350 strike trading. $TSLA 20260313 680.0 CALL$
Unusual Options Activity
United States Oil Fund LP surged 13% on last Friday as the price of both Brent crude oil and West Texas Intermediate settled above $90 a barrel.
There are 897,958 United States Oil Fund LP option contracts traded on last Friday, up 124% from the previous trading day, of which call options account for 58%. A particularly high volume was seen for the $120 strike call options expiring Mar 20, with a total number of 28,398 strike trading. $USO 20260320 120.0 CALL$
Source: Market Chameleon
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