Whales' TSLA Activities Revealed

A wealthy investor has taken a bullish stance on Tesla, showing confidence in the company's future.

Upon analyzing the options history for Tesla, we have identified 109 unusual trades.

When examining the specifics of each trade, it is clear that 50% of investors opened trades with bullish expectations, while 49% had bearish expectations.

Out of all the trades we spotted, 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 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 15425.94, with a total volume of 1,169,500.00.

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

Here are the largest options trades we have 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 volume is at 23,708,481, and the price of TSLA 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 release for Tesla is expected in 75 days.

According to experts, Mizuho maintains a Buy rating on Tesla with a price target of $330, while Guggenheim maintains a Sell rating with a price target of $125.

Wedbush downgraded its action to Outperform with a price target of $300, and also downgraded 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 directly, but it also offers higher profit potential. Serious options traders mitigate this risk by staying informed, scaling in and out of 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.