Option Movers | Tesla's $400 Call Surges 143%; Netflix's $100 Call Sinks 92%
Market Overview
The benchmark S&P 500 and the tech-heavy Nasdaq each rallied to their third record close in a row on Friday (Apr. 17), while the blue-chip Dow marked its highest finish since late February, as investors cheered Iran's decision to open the Strait of Hormuz and were optimistic it could reach a deal with the United States to end their war.
Regarding the options market, a total volume of 86,562,140 contracts was traded, down 34% from the previous trading day.
Top 10 Option Volumes
Top 10: $Tesla(TSLA)$, $NVDA(NVDA)$, $NFLX(NFLX)$, $AAPL(AAPL)$, $MSFT(MSFT)$, $MSTR(MSTR)$, $AMZN(AMZN)$, $VIX(VIX)$, $META(META)$, $INTC(INTC)$
Source: Tiger Trade App
The primary catalyst behind $Tesla(TSLA)$’s strong 3% performance Friday is the continuation of a powerful rally that began earlier following multiple positive developments.
There are 4.88 million Tesla option contracts traded on Friday, up 85% from the previous trading day. Call options account for 67% of overall option trades. Particularly high volume was seen for the $400 strike call option expiring April 17, with 331,817 contracts trading. TSLA 20260417 400.0 CALL
Unusual Options Activity
Source: Market Chameleon
$Netflix(NFLX)$ shares tumbled 9.7% on Friday after forecasting current-quarter earnings below expectations. The company also announced the exit of co-founder and longtime Chairman Reed Hastings, ending a 29-year tenure.
There are 1.88 million Netflix option contracts traded on Friday, up 42% from the previous trading day. Call options account for 69% of overall option trades. Particularly high volume was seen for the $100 strike call option expiring April 17, with 119,646 contracts trading. NFLX 20260417 100.0 CALL
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