Most Active Weekly Options: Tesla Motors Inc and Gilead Sciences, Inc.

Short-term options traders have been targeting Tesla Motors Inc (TSLA) and Gilead Sciences, Inc. (GILD)

Jul 14, 2015 at 12:59 PM
facebook X logo linkedin


The 20 stocks listed in the table below have attracted the highest total weekly options volume during the past 10 trading days. Names highlighted are new to the list since the last time the study was run, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names of notable interest are electric automaker Tesla Motors Inc (NASDAQ:TSLA) and drugmaker Gilead Sciences, Inc. (NASDAQ:GILD).

150714mawo

TSLA is riding the broad-market tailwinds higher, tacking on 1% to trade at $264.83. This is more of the same for the shares, which have charted a steady path higher since touching an annual low of $181.40 in late March. What's more, the stock may be resuming its uptrend after consolidating atop its 40-day moving average, following a recent peak in the $280 neighborhood.

Short-term options traders have been focused on TSLA calls over puts, per the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.97 -- which ranks below 83% of comparable readings from the past year. While weekly strikes have been popular, standard July-dated options are popular today, with expiration looming at this Friday's close. Specifically, it looks like buy-to-open activity is taking place at the July 267.50 call.

GILD is sharply higher this afternoon, adding 2.1% to wink at $117. This isn't necessarily a welcome development for recent option buyers. Over the last 10 weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security has amassed a put/call volume ratio of 0.64 -- which sits 1 percentage point from an annual peak. In other words, during the last year, traders have rarely bought to open puts over calls at a faster rate.

In today's options pits, however, calls are the options of choice -- outpacing puts by a 2-to-1 margin. Moreover, the most active strike is the July 120 call, where likely buy-to-open activity is transpiring. In terms of weekly strikes, the 8/14 108 put may be seeing sell-to-open action, as short-term speculators wager on a technical floor over the next month.
 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI