Key focus

1. Q2 profits fell short of expectations, and Robotaxi was delayed.$Tesla (TSLA.US)$It plummeted nearly 8% after the market. The underlying overnight option traded 1.47 million, up nearly 39% from the previous trading day, and the bullish ratio fell to 57%. In the options chain, there are major differences between long and short. Among them, call orders expiring this Friday with an exercise price of $255 had the highest volume, with 0.0491 million and an unclosed position volume of 0.0101 million; while the 100 dollar exercise price due on October 18 was the most traded PUT order with 0.0424 million and an outstanding position volume of 0.0453 million.

Tesla's total revenue unexpectedly increased by 2% in the second quarter, and revenue from the energy business doubled, but its main automobile business revenue fell 7%, and EPS and net profit fell by more than 40%. Tesla still expects Cybertruck to be profitable by the end of this year. It is expected that automobile production growth will be positive in the third quarter, and new vehicles such as affordable cars are still expected to be put into production in the first half of next year. The company stressed that the current business focus is still on cutting costs and speeding up the development of AI products and services, and the timing of Robotaxi deployment depends on technology and supervision. Also, Musk confirmed media news that Robotaxi will delay the launch of Robotaxi from February to October, saying that the cheap car will be delivered in the first half of next year.

2,$Alphabet-A (GOOGL.US)$The second-quarter results exceeded expectations, but the market was concerned that its profit momentum was slowing down, and the company fell more than 2% after the market. Google's parent company Alphabet options trading volume increased nearly 2.5 times overnight to 0.46 million shares. The bullish ratio rose slightly to 66%. In the options chain, all of the top trading volume were call orders. Among them, call orders with an expiration date of August 16 and an exercise price of $195 had the largest trading volume, with 0.0237 million. Next, there is a call order with an exercise price of 190 US dollars due this Friday. There are 0.0182 million cards. The premium on this option has now risen by more than 17%.

After the overnight US stock market, Google's parent company Alphabet released its financial report for the second quarter of 2024. The company's total revenue increased 13.6% year on year, and adjusted earnings per share increased 31% year on year. Both surpassed market expectations, but Wall Street was concerned about Google's profit momentum. Melius Research analyst Ben Reitzes said that since the company revealed during the performance call that the company's profit margin expansion momentum may be challenged as the number of employees increases and the company's investment in technical infrastructure increases, the highlights of this financial report may not have boosted stock prices as expected.

3.$General Motors (GM.US)$After Wednesday's results, it plummeted by more than 6%. Overnight options traded nearly 0.2 million, nearly 4 times larger than the 90-day average, and the bullish ratio surged to 74%. In the options chain, as bullish sentiment picked up, bulls had the upper hand. Among them, call orders with an exercise price of $50 that expired on September 20 were the most traded, with 0.0175 million and an unclosed position volume of 0.0126 million.

It is worth noting that when it expires on July 26, PUT orders with an exercise price of 46.5-50 US dollars all increased by more than 150%.

GM's latest earnings report shows that the company's Q2 revenue set a record and raised its profit guidelines for the whole year, but due to the suspension of the driverless taxi business and the continued slowdown in the pace of electric vehicle transformation, the stock price plummeted.

1. US stock options trading list

II. ETF options trading list

III. Implied Volatility of Individual Stocks (IV) Ranking

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