Unusual Options Activity: TSLA, LCI, JOY, and AMBA

Tesla Motors Inc (NASDAQ:TSLA) call players made an appearance after Elon Musk took to Twitter

Josh Selway

Sep 3, 2015 at 4:51 PM

Even though it gave back a triple-digit lead, the Dow finished higher for the second straight day. Across all 12 options exchanges, 7 million calls crossed, compared to 7.1 million puts. The day's put/call volume ratio closed at 1.01.

Tesla Motors Inc (NASDAQ:TSLA) call volume was accelerated today after CEO Elon Musk broke some news on Twitter. Lannett Company, Inc. (NYSE:LCI) calls crossed at a rate six times normal, amid the company's recent M&A news.

Joy Global Inc. (NYSE:JOY) puts crossed at 10 times what's expected, after the company reported disappointing quarterly numbers. Meanwhile, put volume for Ambarella Inc (NASDAQ:AMBA) ended nearly two times higher than usual, with the stock on the short-sale restricted list.

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