Amtech Systems, Tesla And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. Stock Market Trends: U.S. stock futures are down, with the Dow futures dropping around 1%. Several companies, including Amtech Systems Inc and others, have seen significant declines in their pre-market trading due to lowered revenue forecasts or disappointing sales results.
Notable Stock Movements: Amtech Systems shares fell 8% after revising its revenue forecast, while other stocks like Greenfire Resources Ltd and Upstream Bio Inc experienced steep drops of over 29%. Tesla also saw a decline of 3.4% following a previous surge.
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- Earnings Preview: Olaplex is set to report earnings this Thursday before market open, with the market expecting a 3.2% year-on-year revenue growth, contrasting sharply with the 9.8% decline recorded in the same quarter last year, indicating the company's potential for recovery amidst challenges.
- Revenue Performance: Last quarter, Olaplex reported revenues of $114.6 million, down 3.8% year-on-year, yet it exceeded analysts' expectations, showcasing the company's resilience in profitability, particularly with impressive beats in EBITDA and EPS estimates.
- Market Reaction: Despite a 5.1% decline in Olaplex's stock price over the past month, analysts remain optimistic about its future performance, as most have reaffirmed their revenue estimates in the last 30 days, reflecting confidence in the company's stability.
- Industry Comparison: In the personal care sector, e.l.f. Beauty and USANA reported strong revenue growths of 37.8% and 5.9%, respectively, although both saw stock price declines post-results, providing a benchmark for Olaplex's market performance.
- Okta Options Volume: Okta Inc saw options trading volume of 29,509 contracts, equating to approximately 3 million shares, which represents about 85.8% of its average daily trading volume of 3.4 million shares over the past month, indicating strong market interest in its future performance.
- High-Frequency Contracts: Notably, the $100 strike put option expiring on September 18, 2026, has seen 2,500 contracts traded today, representing around 250,000 underlying shares, suggesting investor expectations of a potential price decline.
- PBF Energy Options Activity: PBF Energy Inc's options trading volume reached 24,968 contracts, approximately 2.5 million shares, which is about 81.4% of its average daily trading volume of 3.1 million shares over the past month, reflecting sustained investor interest in the company.
- Bullish Call Options: Particularly, the $44 strike call option expiring on March 20, 2026, has recorded 8,570 contracts traded today, representing approximately 857,000 underlying shares, indicating a bullish sentiment regarding PBF's future performance.
- Options Selling Risks: Selling puts on Olaplex does not provide the same upside potential as owning shares, as the seller only acquires shares if the contract is exercised, and unless shares fall 33.8%, the only gain is the 40.6% annualized return from the premium.
- Historical Volatility Insight: With a historical volatility of 66%, analyzing Olaplex's stock alongside fundamental factors can help investors assess whether selling puts at the $1 strike price is a worthwhile risk for potential rewards.
- Market Trading Dynamics: On Tuesday afternoon, the put volume among S&P 500 components reached 1.01 million contracts, matching call volume, resulting in a put:call ratio of 0.71, indicating higher demand for puts than the long-term median of 0.65.
- Investor Sentiment Shift: The current higher-than-expected put buying suggests increased investor concern over Olaplex's future stock price decline, which could negatively impact overall market confidence in the company.
- Iranian Leader Killed: The U.S.-Israeli operation that resulted in the death of Iran's Supreme Leader Ayatollah Khamenei has led to hundreds of Iranian civilian casualties, marking one of the most significant impacts on Iran since 1979, potentially escalating regional conflicts and altering global political dynamics.
- Market Response: Concerns over the conflict have sharply pulled back stock futures in premarket trading, while gold futures advanced as investors sought safe havens, indicating a strong market reaction to the heightened uncertainty surrounding future developments.
- Berkshire Hathaway Earnings Decline: In Warren Buffett's last quarter as CEO, Berkshire Hathaway reported a nearly 30% drop in operating earnings, primarily due to a 54% decline in profits from its insurance underwriting business, although new CEO Greg Abel's shareholder letter received positive feedback from analysts.
- AI Industry Developments: Trump forced U.S. agencies to cease using Anthropic's technology, while OpenAI secured a deal with the Department of Defense, highlighting intensifying competition in the AI sector; however, Anthropic's Claude AI app surged in popularity, suggesting a potential boost in public support for the company.
- Iran Conflict Escalation: The U.S.-Israeli operation named 'Operation Epic Fury' resulted in the assassination of Iran's Supreme Leader Khamenei, with hundreds of Iranian civilian casualties, likely leading to significant retaliatory actions and increased American military casualties, which could destabilize global markets.
- Market Response: Concerns over the conflict caused stock futures to plummet sharply in premarket trading, while gold futures rose as investors sought safe havens, and Wall Street's fear gauge surged to its highest level since 2026, indicating heightened market anxiety about future developments.
- Berkshire Hathaway Earnings: In Warren Buffett's last quarter as CEO, operating earnings fell nearly 30%, primarily due to a 54% drop in profits from the insurance underwriting business; however, new CEO Greg Abel's shareholder letter received positive feedback from analysts, reflecting a commitment to the company's value-focused philosophy.
- AI Technology Intervention: Trump mandated U.S. agencies to cease using Anthropic's technology, while OpenAI secured a deal with the Department of Defense, despite both companies having similar restrictions; notably, Anthropic's Claude AI app surged to the top of Apple's free apps list, suggesting a favorable public perception following its pushback against the Pentagon.
Advent International's Investment: Boston-based Advent International has acquired a new stake in NIQ Global Intelligence plc, purchasing 149,380,246 shares valued at approximately $2.35 billion, making it the fund's largest holding.
Financial Overview of NIQ: As of September 30, 2025, NIQ reported trailing twelve months revenue of $4.01 billion and a net loss of $434.36 million, with shares priced at $14.18, which is 30.46% below its 52-week high.
NIQ's Market Position: NIQ operates globally with over 38,000 employees, providing an AI-powered consumer intelligence platform that analyzes shopping data to deliver insights for brands and retailers, playing a crucial role in consumer behavior analysis.
Investment Implications: Advent's significant investment suggests confidence in NIQ's long-term value despite current market pressures, as the company seeks to convert its data capabilities into consistent free cash flow while managing its debt load.







