Options Market Statistics: Tesla Falls 3.3% on Cybertruck Supplier Contract Slash
$Tesla Motors(TSLA)$ led options volume with a bearish put/call ratio of 0.77 and a low IV rank of 10.67%, indicating protective sentiment as volume hit 1.76 million contracts against 6.94 million in open interest. Shares dropped 3.3% amid reports that Korean supplier L&F saw its 3.83 trillion won high-nickel cathode contract for Tesla drastically reduced to just 9.73 million won—nearly a 99% cut—linked to delays in the Cybertruck program and shifts in production plans.
$NVIDIA(NVDA)$ ranked second with a neutral put/call ratio of 0.59 and a low IV rank of 6.86%, suggesting subdued volatility bets as volume reached 1.51 million contracts versus 17.16 million in open interest. Shares slipped 1.2% in a quiet session, coinciding with the company's confirmation that it finalized a $5 billion equity investment in Intel per a prior agreement.
$Micron Technology(MU)$ saw balanced activity with a bearish put/call ratio of 0.75 and a high IV rank of 36.37%, reflecting downside caution as volume totaled 0.26 million contracts against 1.59 million in open interest. Shares climbed 3.4%, extending last week's gains in a contrarian move, with Wedbush noting no signs of slowing demand for the company's server and storage chips.
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