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Options Traders Target These 2 E-Tailers For the Holidays

All three equities hit fresh highs last week before pulling back today Read More...

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list, while those such as Apple Inc. (NASDAQ:AAPL)&nbsp;are keeping up with the high options volume and&nbsp;remain in traders’ periphery. Below, we’ll take a deep dive into a handful of other notable names on the list, including&nbsp;Tesla Inc (NASDAQ:TSLA),&nbsp;Amazon.com, Inc. (NASDAQ;AMZN), and&nbsp;Shopify Inc (NYSE:SHOP).&nbsp;” data-reactid=”11″>The 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer’s Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list, while those such as Apple Inc. (NASDAQ:AAPL) are keeping up with the high options volume and remain in traders’ periphery. Below, we’ll take a deep dive into a handful of other notable names on the list, including Tesla Inc (NASDAQ:TSLA)Amazon.com, Inc. (NASDAQ;AMZN), and Shopify Inc (NYSE:SHOP). 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tesla has been on a tear in recent weeks, and just notched six straight days of fresh highs before sputtering out just north of the $435 level last Friday. Today, TSLA is down 2.4% at $419.86 after its rival Nio (NIO) issued a well-received earnings report. Last week’s positive price action had options traders taking notice, though. Within the past two weeks, 756,410 call options and 673,679 put options have been traded. Today, the weekly 1/3 410-strike put is the most active, where new positions are being opened. The January 2020 500 call is the most popular overall, with sell-to-open action detected here.” data-reactid=”23″>Tesla has been on a tear in recent weeks, and just notched six straight days of fresh highs before sputtering out just north of the $435 level last Friday. Today, TSLA is down 2.4% at $419.86 after its rival Nio (NIO) issued a well-received earnings report. Last week’s positive price action had options traders taking notice, though. Within the past two weeks, 756,410 call options and 673,679 put options have been traded. Today, the weekly 1/3 410-strike put is the most active, where new positions are being opened. The January 2020 500 call is the most popular overall, with sell-to-open action detected here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Amazon stock is also slipping today, with the busy holiday season now in the e-tailer’s rear view. The stock is down 1.1% at $1.848.86 at last check, right on the heels of Friday’s five-month high around the $1,900 region. Like Tesla, options bulls have been going wild for AMZN during the past two weeks, with 575,271 calls across the tape, compared to 327,431 puts. Today, traders continue to reach for calls, with 120,000 on the board so far — almost double the number of puts. The most popular, currently, is the weekly 1/3 1,900-strike call, where positions are being bought to open.&nbsp;&nbsp;” data-reactid=”24″>Amazon stock is also slipping today, with the busy holiday season now in the e-tailer’s rear view. The stock is down 1.1% at $1.848.86 at last check, right on the heels of Friday’s five-month high around the $1,900 region. Like Tesla, options bulls have been going wild for AMZN during the past two weeks, with 575,271 calls across the tape, compared to 327,431 puts. Today, traders continue to reach for calls, with 120,000 on the board so far — almost double the number of puts. The most popular, currently, is the weekly 1/3 1,900-strike call, where positions are being bought to open.  

E-commerce name Shopify showed up on the list, too, boasting 134,312 calls and 73,485 puts across the tape in during the last 10 days. The equity ran up to a record high of $416.60 last week and is pulling back today — down 2.4% at $398.02. While today’s options trading is relatively muted, bulls still seem to be in control, with 25,000 calls and 15,000 puts exchanged so far. Most of this action is taking place at the weekly 1/3 410-strike call, where contracts are being sold to open. 

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