KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Options Market Insight:
Total Options Volume: 420,000 contracts
Put-Call Ratio: 0.33 → Bullish sentiment
More calls than puts = traders betting on upside
Investor Read:
Although preorder numbers were lower than the cheaper L60’s 60,000+ orders last year, the L90 was priced higher and followed a rocky L60 launch — so the bar was lower. This beat in expectations led to the price surge and options interest.
Unusual Options Activity:
NuScale Power (SMR.US) saw spikes in $38 put contracts
Volume/Open Interest Ratio: 98.7x
Contracts traded: 17,462
Suggests bearish positioning or hedging activity in SMR — worth watching.
Takeaway for Traders:
NIO is seeing bullish momentum both in shares and options, driven by optimism around the premium L90 model.
Options traders are positioning for further upside short term — especially with the low put-call ratio.
SMR shows unusual downside bets — potential volatility ahead.
Comments
Post a Comment