Tesla, Amazon, Apple: These Options Data Reflections May Just Spoil Your Monday Morning Mood

Despite witnessing volatility, major Wall Street indices closed in the green last week. Market participants will now be watching out for the release of Personal Consumption Expenditures price index this week, which is the Federal Reserve's preferred measure of underlying price pressures. Investors and traders will also be eyeing remarks by multiple Fed officials.

What Happened: As market participants stare at a busy week, here's a look at crucial trading levels for some of the favorite stocks:

1. Tesla Inc. TSLA: Shares of Tesla closed 0.94% lower on Friday at $190.41. Options expiring on Friday indicate significant resistance at the $200 level as is reflected by accumulation of open interest in out-of-the-money Call options. The $180-mark offers a stiff support for the stock in the near term.

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2. Amazon.com, Inc. AMZN: Shares of the company closed 0.59% lower at $98.13. Options data shows the $100 level acts as a stiff resistance for the week according to open interest accumulation in out-of-the-money Call options. Strangely, almost three times the open interest is concentrated at the $97 Call strike — a likely indication the stock might fall below the level this week. On the downside, the $92 level acts as a stiff support.

3. Apple Inc. AAPL: Shares of Apple closed 0.83% higher on Friday at $160.25. Options data shows $165 level is likely to act as a stiff resistance for the week. Significant open interest accumulation can also be seen at the $160 Call strike, indicating, the stock may fall below this level in the short-term. On the downside, the $150-mark acts as a stiff support.

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