Whales' Activity with TSLA

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【Summary】A wealthy investor has taken a bullish stance on Tesla, with 50% of investors opening trades with bullish expectations. Whales have targeted a price range of $210.0 to $500.0 for Tesla over the last 3 months. The volume and open interest for Tesla options trades are significant, with a mean open interest of 15425.94 and a total volume of 1,169,500.00. Experts have mixed opinions on Tesla, with some maintaining a Buy rating and price targets ranging from $125 to $350.

FutureCar Staff Aug 18, 2023 8:21 AM PT

A wealthy investor with a strong interest in Tesla has taken a bullish stance on the company. Upon analyzing the options history for Tesla, we discovered 109 unusual trades. These trades revealed that 50% of investors had bullish expectations, while 49% had bearish expectations.

Out of all the trades 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 these investors have been targeting a price range of $210.0 to $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 chart below illustrates the development of volume and open interest for call and put options within the strike price range of $210.0 to $500.0 over the last 30 days.

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, TSLA has a volume of 23,708,481, and its price is down by -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 Mizuho, they have decided to maintain their Buy rating on Tesla, with a price target of $330. On the other hand, Guggenheim has chosen to maintain their Sell rating on Tesla, with a price target of $125. Wedbush downgraded its action to Outperform and set a price target of $300, while also downgrading its action to Outperform with a price target of $350. Wells Fargo downgraded its action to Equal-Weight with a price target of $265.

Options trading carries more risk compared to trading the stock alone, but it also offers higher profit potential. Serious options traders mitigate this risk by staying informed, scaling their trades, following multiple indicators, and closely monitoring the markets. If you want to stay updated on the latest options trades for Tesla, Benzinga Pro provides real-time options trade alerts.