Looking at weekly Oct 27 options, it would appear that options traders are betting on a quick turnaround. Volume topped 452,000 contracts, while calls made up 70% of the day’s take. T stock options traders appeared to buy into Stephens’ reasoning, as calls dominated yesterday’s options activity. CFO John Stephens reassured investors during a subsequent conference call, stating that while there were signs of cord-cutting during the quarter, those pressures would lessen in the fourth quarter. Not only did AT&T lose traditional pay TV subscribers, it also lost wireless subs. Finally Tesla Inc (NASDAQ: TSLA) continue to attract put volume ahead of next week’s quarterly earnings report.ĪT&T stock dropped nearly 4% yesterday, as Wall Street reacted to the company’s poor third-quarter earnings report and falling subscriber numbers. (NASDAQ: AMD) following AMD’s earnings, driving mixed options activity. Meanwhile, Nvidia Corporation (NASDAQ: NVDA) fell alongside Advanced Micro Devices, Inc. On the CBOE, yesterday’s selloff drove the single-session equity put/call volume ratio sharply higher to 0.71, pushing the 10-day moving average back to a three-month high of 0.67.ĭrilling down on Wednesday’s options activity, AT&T Inc (NYSE: T) was flooded with calls in the wake of Tuesday afternoon’s earnings miss, as options traders anticipate a bounce.
On the options front, volume was blistering yesterday, with about 18.2 million calls and 18.7 million puts crossing the tape. Meanwhile, the European Central Bank is set to announce its latest policy decision later this morning.Īgainst this backdrop, futures on the Dow Jones Industrial Average have added 0.23%, S&P 500 futures are up 0.1% and Nasdaq-100 futures have lost 0.06%. (NASDAQ: AMZN) and Microsoft Corporation (NASDAQ: MSFT). Tech is headlining today, as traders await a key quarterly earnings reports from Alphabet Inc (NASDAQ: GOOG, NASDAQ: GOOGL),, Inc.
stock futures are trending higher this morning, as Wall Street recovers from yesterday’s selloff.
0 kommentar(er)
