Tag Archives: expiration

(Bloomberg) — Shares of Rivian Automotive Inc. sank 21% as some early stakeholders got their first chance to unload shares on Monday. Most Read from Bloomberg Selling restrictions on certain Rivian insiders and investors ended on Sunday, freeing up a sizable chunk of the electric-vehicle maker’s float for public trading. The stock has now collapsed 87% from its November high. Now, the focus turns to the company’s two most prominent corporate backers — Amazon.com Inc. and Ford Motor Co…. Source link

By Medha Singh and Saqib Iqbal Ahmed (Reuters) – A near-record dollar amount of single stock equity options -totaling $818 billion – is set to expire at the close of trading on Friday afternoon, potentially driving sharp moves in some stocks throughout the day, Goldman Sachs analysts wrote. A recent surge in interest in options trading, fueled in part by droves of retail traders looking to place wagers on the swings in so-called meme stocks such as GameStop Corp and AMC Entertainment Holdings,… Source link