Faraday Future Stock Surges Amid Reversal of Downtrend and Options Market Activity

What's Going On With Faraday Future Stock? - Faraday Future (NASDAQ:FFIE)

The stock is trading on a reduced float of just over 12 million shares following a 1-for-40 reverse stock split on Monday. Faraday Future Intelligent Electric Inc. FFIE shares are racing higher Thursday and have been halted multiple times for volatility. Here's a look at what's going on. What To Know: Faraday Future shares are trending across social media, Stocktwits and Yahoo Finance, as investors pile into the stock despite a lack of company-specific news. The stock began trading on a split-adjusted basis Monday following a 1-for-40 reverse stock split, which may be contributing to the volatility. According to data from Benzinga Pro, investors traded more than 99 million shares in Thursday's session. Read Next: What's Going On With Trump Media & Technology Stock? On Monday, the company also announced a launch event for its China-U.S. Automotive Bridge Strategy. Faraday Future will host the event on September 19 and said it will provide an execution plan for the strategy and introduce more details about its second automotive brand. Faraday Future Global CEO Matthias Aydt said, "Our Bridge Strategy could introduce a 'performance capable EV at a fraction of the price,' by empowering a second brand with much of the core technologies used on the $300,000 FF 91," and added, "A mass-market second brand could make the 'AI car of the future' the AI car of the people." How To Buy FFIE Stock: Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in Faraday Future FFIE's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. FFIE Price Action: According to Benzinga Pro, Faraday Future Intelligent Electric shares are up 101.1% at $7.22 at the time of publication Thursday. Read Also: What's Going On With Nano Nuclear Energy Stock? Image: Courtesy of Faraday Future Intelligent Electric, Inc. Market News and Data brought to you by Benzinga APIs

Faraday Future soars 103% as it reverses recent downtrend (NASDAQ:FFIE)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shot up 103% in afternoon trading on Thursday as it reversed about a week's worth of decline. Volume on FFIE was above at normal activity, with 118 million shares trading hands with 90 minutes of action still left in the session. The company did release any news on Thursday or post any new SEC filings. Earlier in the week, Faraday Future Intelligent (FFIE) announced that it will hold a launch event for its China-U.S. Automotive Bridge Strategy on September 19. The electric vehicle maker said the event will provide more details and an execution plan for the strategy and introduction of Faraday's (FFIE) second automotive brand. Faraday (FFIE) said its China-U.S. automotive bridge strategy and second brand approach position will leverage cutting-edge AI and software technologies for users across multiple market segments. The strategy is aimed at accelerating Faraday's (FFIE) mass-market entry, while maintaining its ultra-luxury offering. The bridge strategy was noted to mark a return to a two-brand approach. Short interest on FFIE stands at 9.5% of the total float. Earlier in the week, the EV company had a 1-for-40 reverse stock split.

What the Options Market Tells Us About Faraday Future - Faraday Future (NASDAQ:FFIE)

High-rolling investors have positioned themselves bullish on Faraday Future FFIE, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FFIE often signals that someone has privileged information. Today, Benzinga's options scanner spotted 8 options trades for Faraday Future. This is not a typical pattern. The sentiment among these major traders is split, with 50% bullish and 12% bearish. Among all the options we identified, there was one put, amounting to $26,557, and 7 calls, totaling $302,372. Expected Price Movements Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.0 to $8.0 for Faraday Future over the recent three months. Volume & Open Interest Trends Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Faraday Future's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Faraday Future's whale trades within a strike price range from $1.0 to $8.0 in the last 30 days. Faraday Future Option Activity Analysis: Last 30 Days Largest Options Trades Observed: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume FFIE CALL SWEEP BULLISH 09/20/24 $2.2 $2.11 $2.2 $5.00 $88.0K 68 797 FFIE CALL SWEEP NEUTRAL 09/20/24 $1.21 $1.2 $1.21 $6.00 $45.9K 175 388 FFIE CALL TRADE NEUTRAL 01/16/26 $7.0 $5.25 $6.0 $1.00 $45.0K 28 81 FFIE CALL SWEEP BULLISH 08/30/24 $1.92 $1.69 $1.8 $7.00 $34.0K 0 965 FFIE CALL TRADE NEUTRAL 08/30/24 $4.0 $3.05 $3.55 $3.50 $31.9K 0 416 About Faraday Future Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. After a thorough review of the options trading surrounding Faraday Future, we move to examine the company in more detail. This includes an assessment of its current market status and performance. Where Is Faraday Future Standing Right Now? Currently trading with a volume of 50,161,653, the FFIE's price is up by 81.48%, now at $6.51. RSI readings suggest the stock is currently is currently neutral between overbought and oversold. Anticipated earnings release is in 81 days. Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely. If you want to stay updated on the latest options trades for Faraday Future, Benzinga Pro gives you real-time options trades alerts. Market News and Data brought to you by Benzinga APIs