Whales and TSLA

author: FutureCar Staff    

A wealthy investor with a strong belief in Tesla's future has made some interesting moves in the options market. After analyzing the options history for Tesla, we discovered 109 unusual trades. Upon closer examination, it was found that 50% of the investors had a bullish outlook, while 49% had a bearish outlook.

Out of all the trades, 32 were put options, totaling $2,362,111, and 77 were call options, totaling $4,896,044. These numbers provide some insight into the sentiment surrounding Tesla.

Based on the volume and open interest of these contracts, it seems that these influential 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 15425.94, with a total volume of 1,169,500.00. This indicates a significant level of activity in the options market.

The following chart illustrates the volume and open interest 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.

Here are some of the most notable options trades that have been identified:

- Symbol: TSLA, Trade Type: PUT SWEEP, Sentiment: BEARISH, Expiration Date: 09/15/23, Strike Price: $250.00, Total Trade Price: $673.7K, Open Interest: 25.5K, Volume: 393

- Symbol: TSLA, Trade Type: PUT SWEEP, Sentiment: NEUTRAL, Expiration Date: 11/17/23, Strike Price: $250.00, Total Trade Price: $171.6K, Open Interest: 3.5K, Volume: 2.7K

- Symbol: TSLA, Trade Type: CALL SWEEP, Sentiment: BULLISH, Expiration Date: 08/11/23, Strike Price: $255.00, Total Trade Price: $138.2K, Open Interest: 4.2K, Volume: 1.4K

- Symbol: TSLA, Trade Type: PUT SWEEP, Sentiment: BULLISH, Expiration Date: 09/15/23, Strike Price: $270.00, Total Trade Price: $114.6K, Open Interest: 65.3K, Volume: 1.8K

- Symbol: TSLA, Trade Type: PUT SWEEP, Sentiment: BULLISH, Expiration Date: 08/04/23, Strike Price: $260.00, Total Trade Price: $107.8K, Open Interest: 11.2K, Volume: 40.3K

Currently, Tesla's stock is trading at $257.84, experiencing a slight decline of -0.57%. The volume stands at 23,708,481 shares. RSI indicators suggest that the stock is currently in a neutral position, neither overbought nor oversold. The next earnings report is expected to be released in 75 days.

Various experts have shared their opinions on Tesla:

- Mizuho has maintained their Buy rating on Tesla, with a price target of $330.

- Guggenheim has maintained their Sell rating on Tesla, with a price target of $125.

- Wedbush downgraded its action to Outperform, setting a price target of $300.

- Wedbush downgraded its action to Outperform, setting a price target of $350.

- Wells Fargo downgraded its action to Equal-Weight, with a price target of $265.

While options trading carries more risk compared to trading the stock directly, it also offers higher profit potential. Experienced options traders manage this risk by staying informed, scaling their trades, using multiple indicators, and closely monitoring the markets. For real-time options trade alerts on Tesla, consider using Benzinga Pro.

FutureCar Staff