High Options Volumes for Uber, PayPal, and Tesla Today

High Options Volumes for Uber, PayPal, and Tesla Today. Investors are observing significant options trading volumes, particularly for UBER, PYPL, and TSLA. This could signal market sentiment and affect stock prices as traders position for potential movements.

Date: 05-02-2025

AI Rating: 6

Options Trading Volume Insights

The report indicates a substantial increase in options trading volume for three S&P 500 companies: Uber Technologies Inc (UBER), PayPal Holdings Inc (PYPL), and Tesla Inc (TSLA). Such high trading volumes often suggest strong investor sentiment and expectations for future price movements.

Uber Technologies Inc (UBER)

UBER's options trading volume reached 390,326 contracts, which is approximately 153.4% of its average daily trading volume of 25.4 million shares. This significant increase could imply that investors are anticipating movements in UBER's stock price. The particular interest in the $70 strike call option expiring on February 7, 2025, with 16,383 contracts traded (1.6 million underlying shares), indicates bullish sentiment around this price level.

PayPal Holdings Inc (PYPL)

PYPL saw options volume of 156,865 contracts or 141.5% of its average daily volume of 11.1 million shares. The high volume of the $83 strike call option for expiration on February 21, 2025, with 9,365 contracts (approximately 936,500 underlying shares) traded, reflects a positive sentiment towards PYPL, as investors likely believe the stock may approach or exceed this strike price.

Tesla Inc (TSLA)

For TSLA, the options trading volume was even more pronounced at 822,890 contracts, representing about 113% of its average daily volume of 72.8 million shares. The notable volume seen for the $400 strike call option expiring on February 7, 2025, with 42,397 contracts representing 4.2 million underlying shares traded, showcases investor confidence in TSLA's potential for growth and a belief that it may reach this strike price in the near future.

Stocks: UBER PYPL TSLA