Whales' Activity with TSLA

author: FutureCar Staff    

A wealthy individual with a strong belief in Tesla's potential has taken a bullish stance on the company. After analyzing the options history for Tesla, we have identified 109 unusual trades. Upon closer examination, it is clear that 50% of the investors opened trades with optimistic expectations, while 49% took a bearish approach.

Out of all the trades we observed, 32 were puts, totaling $2,362,111, and 77 were calls, totaling $4,896,044.

Based on the volume and open interest of these contracts, it seems that the whales have been targeting a price range between $210.0 and $500.0 for Tesla over the past three months.

In terms of liquidity and interest, the average open interest for Tesla options trades today is 15,425.94, with a total volume of 1,169,500.00.

The following chart illustrates the volume and open interest development of call and put options for Tesla's significant trades within the strike price range of $210.0 to $500.0 over the last 30 days.

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume

TSLA PUT SWEEP BEARISH 09/15/23 $250.00 $673.7K 25.5K 393

TSLA PUT SWEEP NEUTRAL 11/17/23 $250.00 $171.6K 3.5K 2.7K

TSLA CALL SWEEP BULLISH 08/11/23 $255.00 $138.2K 4.2K 1.4K

TSLA PUT SWEEP BULLISH 09/15/23 $270.00 $114.6K 65.3K 1.8K

TSLA PUT SWEEP BULLISH 08/04/23 $260.00 $107.8K 11.2K 40.3K

Currently, with a volume of 23,708,481, the price of TSLA is down -0.57% at $257.84. RSI indicators suggest that the stock is currently in a neutral position between being overbought and oversold. The next earnings report is expected to be released in 75 days.

According to experts, Mizuho has decided to maintain their Buy rating on Tesla, with a price target of $330. Guggenheim, on the other hand, has decided to maintain their Sell rating on Tesla, with a price target of $125. Wedbush has downgraded its action to Outperform, with price targets of $300 and $350. Wells Fargo has downgraded its action to Equal-Weight, with a price target of $265.

While options trading is riskier compared to trading the stock itself, it offers higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following multiple indicators, and closely monitoring the markets. To stay updated on the latest options trades for Tesla, Benzinga Pro provides real-time options trade alerts.

FutureCar Staff