Notable open interest changes for April 19th » 08:5504/1904/19/21
AAPL, TSLA, SNAP, PINS
Friday's total option volume of 39.4 million contracts resulted in net open interest growth of 5.84 million calls and 4.85 million puts. Apple (AAPL), Tesla (TSLA), Snap Inc. (SNAP) and Pinterest (PINS) saw the greatest growth. Top five new positions opened include 29k Wells Fargo (WFC) May-21 50 calls, 27k Pinterest (PINS) 4/23 weekly 85 calls, 20k Petrobras (PBR) Jan-23 10 puts, 20k Petrobras (PBR) Jan-23 10 calls and 18k Sundial Growers (SNDL) 4/23 weekly 1 calls.
Fly Intel: Top five weekend stock stories » 20:0204/1804/18/21
PTON, TSLA, COIN, T, PETQ, CHPT, ORLY
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. The U.S. Consumer Product Safety Commission issued a bulletin on Saturday about the "danger of popular Peloton Tread+ exercise machine after multiple incidents of small children and a pet being injured beneath the machines. The Commission has found that the public health and safety requires this notice to warn the public quickly of the hazard." The warning comes less than a month after Peloton itself released news of a child's death by a Peloton Tread+. The agency is continuing to investigate all known incidents of injury or death related to the Peloton Tread+. To date, CPSC is aware of 39 incidents including one death." Meanwhile, Peloton (PTON) said in a statement that, "The company is troubled by the Consumer Product Safety Commission's unilateral press release about the Peloton Tread+ because it is inaccurate and misleading. There is no reason to stop using the Tread+, as long as all warnings and safety instructions are followed. Children under 16 should never use the Tread+, and Members should keep children, pets, and objects away from the Tread+ at all times. Peloton was shocked and devastated to learn in March that a child died while using the Tread+. Within a day of learning this news, Peloton notified CPSC. While preparing its report to CPSC, Peloton learned through a doctor's report to CPSC's public database that a child had experienced a brain injury. Peloton spoke to the family who reported that and the child is expected to fully recover. Not wanting to delay in notifying Members, on March 18, 2021, Peloton's co-founder and CEO John Foley sent an urgent reminder directly to Tread+ Members to follow the critical warnings and safety instructions that accompany the Tread+, which state that children, pets, and objects should be kept clear of the Tread+ at all times." 2. Two men died after a Tesla (TSLA) vehicle that authorities believe was operating without anyone in the driver's seat crashed into a tree Saturday night north of Houston, The Wall Street Journal's Rebecca Elliott reported. One of the men was in the front passenger's seat and the other was in the back seat of the Tesla, which was traveling at high speed along a curve before it hit a tree around 11:25pm local time, Harris County Precinct 4 Constable Mark Herman said in an interview. 3. Coinbase Global (COIN) issued stock at an ideal moment-the value of the cryptocurrency market has doubled in just the past two months, Bitcoin is booming, and institutional investors are scrambling to get in, Avi Salzman wrote in this week's edition of Barron's. Coinbase is "the real deal," a novel company with competitive advantages that have enabled it to increase market share despite fierce rivals, the author contends. The stock may falter in the next crypto downturn, but its current valuation does not look unreasonable, Salzman said, adding that there is good reason to believe the stock could rise significantly. 4. Legendary and AT&T (T) subsidiary Warner Bros.' "Godzilla vs. Kong" stayed number 1 in its third outing with an estimated $7.7M domestically to hit $80.5M through Sunday. Overseas, the movie grossed another $12.2M for a total of $309.7M and $390.2M worldwide, passing up "Tenet" at $365M. 5. PetIQ (PETQ), ChargePoint Holdings (CHPT), EVgo, Volta, EVbox, O'Reilly Automotive (ORLY) saw positive mentions in this week's edition of Barron's.
Tesla crash in Texas believed to be driverless, WSJ reports » 17:3104/1804/18/21
Two men died after a…
Two men died after a Tesla vehicle that authorities believe was operating without anyone in the driver's seat crashed into a tree Saturday night north of Houston, The Wall Street Journal's Rebecca Elliott reports. One of the men was in the front passenger's seat and the other was in the back seat of the Tesla, which was traveling at high speed along a curve before it hit a tree around 11:25pm local time, Harris County Precinct 4 Constable Mark Herman said in an interview. Reference Link
Tesla CEO sees 'limited production of Model Y this year' at 'Giga Texas' factory » 19:0204/1704/17/21
In a reply to a tweet…
In a reply to a tweet inquiring about the status of Tesla's "Giga Texas" factory progress, Tesla CEO Elon Musk stated he sees "Limited production of Model Y this year, high volume next year". In a follow-up reply regarding the company's factory in Germany, Musk added: "Same with Berlin". Reference Link
Tesla, former employee settle suit over Autopilot code, Reuters reports » 11:2104/1604/16/21
Tesla (TSLA) has settled…
Tesla (TSLA) has settled a lawsuit against Cao Guangzhi, a former engineer, who copied the source code of the company's Autopilot technology before joining XMotors, the U.S. division of Chinese self-driving firm XPeng (XPEV), Reuters reports, citing a court filing. Terms of the settlement, which included a monetary payment made by Cao to Tesla, were not disclosed. Reference Link
Notable open interest changes for April 16th » 08:5504/1604/16/21
BAC, NIO, PLUG, AMD
Thursday's total option volume of 36.1 million contracts resulted in net open interest growth of 4.24 million calls and 3.57 million puts. Bank of America (BAC), NIO (NIO), Plug Power (PLUG) and Advanced Micro (AMD) saw the greatest growth. Top five new positions opened include 29k Plug Power (PLUG) 4/23 weekly 29 calls, 22k Petrobras (PBR) May-21 9 puts, 22k Keurig Dr Pepper (KDP) May-21 36 calls, 20k AT&T (T) Jun-21 30 puts and 20k AT&T (T) Jun-21 30 calls.
EU passenger car registrations up 87.3% in March, up 3.2% in Q1 » 07:4704/1604/16/21
F, GM, HMC, NSANY, TM, TSLA, DDAIF, VWAGY, STLA
In March, registrations…
In March, registrations of new passenger cars in the European Union increased by 87.3% as the result of last year's exceptionally low base of comparison caused by the strict COVID-19 restrictions introduced in most markets in March 2020. 1,062,446 new cars were sold in the EU last month, compared to 567,253 during the same month in 2020, reported the European Automobile Manufacturers Association. During the first quarter of 2021, EU demand for new cars grew by 3.2% to reach 2.6M units registered in total, said the ACEA. Publicly traded automakers include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
XPeng to partner with Zhongsheng Group on smart EV products » 20:3304/1504/15/21
The company states:…
The company states: "XPeng announced that it has entered into a Memorandum of Understanding with Zhongsheng Group, a leading automobile dealership group in China, to establish a long-term strategic partnership to provide both XPeng's industry-leading Smart EV products and Zhongsheng's high quality services to consumers, in order to further accelerate the Smart EV adoption in China. Through the partnership, the Company will leverage Zhongsheng's well-established dealership network and expertise in serving consumers for mid-to-high end automobiles to further accelerate XPeng's sales growth, while strengthening its after-sales services capabilities. Looking ahead, both parties will also explore more strategic cooperation opportunities in business model innovations, creating long-term competitive advantages and value propositions to seize huge growth potential in Chinese Smart EV market."
Einhorn says Palihapitiya, Musk fueled GameStop frenzy, Reuters says » 17:5904/1504/15/21
Greenlight Capital's David Einhorn said that prominent venture capitalist Chamath Palihapitiya and Tesla (TSLA) founder and CEO Elon Musk threw "jet fuel" on the GameStop (GME) trading frenzy earlier this year when the video game retailer's stock jumped 2,000% and later prompted a congressional hearing, Reuters' Svea Herbst-Bayliss reports. Einhorn told Greenlight Capital investors in a quarterly letter that Palihapitiya and Musk are to blame for throwing what Einhorn called "jet fuel" on the GameStop short squeeze. "Investors discussing why they think GameStop (or any other stock) should go up or down ought to be encouraged," he wrote. "There is no reason to drag anyone before Congress for making a stock pick." Reference Link
Notable open interest changes for April 15th » 08:5504/1504/15/21
AAPL, DISCK, AMD, TSLA
Wednesday's total option volume of 36.2 million contracts resulted in net open interest growth of 3.96 million calls and 3.48 million puts. Apple (AAPL), Discovery Communications (DISCK), Advanced Micro (AMD) and Tesla (TSLA) saw the greatest growth. Top five new positions opened include 50k Discovery Communications (DISCK) Jun-21 25 puts, 30k Discovery Communications (DISCK) Jun-21 25 calls, 30k Discovery Communications (DISCK) Apr-21 25 calls, 30k Discovery Communications (DISCK) Apr-21 25 puts and 29k General Electric (GE) May-21 14 calls.