High Options Volume Signals Activity in HLT, TSLA, and RILY

Recent report highlights significant options trading activity in Hilton Worldwide (HLT), Tesla (TSLA), and B. Riley Financial (RILY). The notable volumes may indicate potential stock price shifts due to heightened investor interest.

Date: 29-09-2024

AI Rating: 6

The report outlines substantial options trading activity in key companies: Hilton Worldwide Holdings Inc (HLT), Tesla Inc (TSLA), and B. Riley Financial Inc (RILY). The increased volume in options can often signify shifts in stock prices due to heightened investor interest and speculation.

For Hilton Worldwide (HLT), a total of 39,248 contracts were traded, accounting for approximately 3.9 million underlying shares, which is 247.6% of its average daily trading volume of 1.6 million shares. The surge is primarily driven by strong activity in the $210 strike call option expiring on April 17, 2025, where 22,001 contracts were traded. This atypical trading volume could suggest growing bullish sentiment or significant upcoming developments for HLT.

Tesla (TSLA) experienced options volume of 1.5 million contracts, representing about 147.5 million underlying shares, which is 186.4% of its average daily volume of 79.1 million shares. The particularly notable trading of the $260 strike call option expiring on September 27, 2024, with 154,042 contracts, could imply that investors are anticipating positive movements or results from Tesla in the near future.

B. Riley Financial (RILY) saw 35,279 contracts exchanged, representing roughly 3.5 million underlying shares, or 154.1% of its average trading volume of 2.3 million shares. Noteworthy was the $4 strike put option trading where 8,778 contracts were exchanged. This higher-than-normal volume could indicate that investors are hedging, or preparing for potential downward movements in RILY’s stock price.

In conclusion, the significant options volumes across HLT, TSLA, and RILY signal increased investor interest and speculation. While specific earnings metrics such as EPS, revenue growth, net income, profit margins, free cash flow, and return on equity are not presented within the report, the heightened options trading can suggest potential volatility in stock prices for these companies.

Stocks: HLT TSLA RILY