The incident impacted 40% of a building containing lithium-ion batteries
Electricity and power generation stock Vistra Corp (NYSE:VST) is down 1.7% at $171.09 at last check, following news of a fire at the company's battery facility in its Moss Landing power plant in Monterey County, California. The incident prompted local evacuations and affected 40% of a building containing lithium-ion batteries.
The shares are taking a breather from yesterday's record peak of $178.40, but are still well above their 20-day moving average. VST also sports a healthy 341.5% year-over-year lead, and remains on track for its third-straight weekly gain.
Puts have been more popular than usual in the options pits. VST's 10-day put/call volume ratio of 1.30 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 96% of annual readings.
Echoing this, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.96 stands in the 91st percentile of annual readings. This implies short-term options traders have been more put-biased.