Whales' TSLA Activities Revealed

author: FutureCar Staff    

A wealthy whale has taken a bullish stance on Tesla, showing a strong interest in the company. In analyzing the options history for Tesla, 109 unusual trades were detected. Upon closer examination, it was found that 50% of investors opened trades with bullish expectations, while 49% took a bearish approach.

Out of all the trades observed, 32 were puts, totaling $2,362,111, and 77 were calls, totaling $4,896,044. This indicates a significant amount of money being invested in Tesla.

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

When considering the liquidity and interest in Tesla options trades today, the mean open interest is 15425.94, with a total volume of 1,169,500.00.

In the past 30 days, the volume and open interest of call and put options for Tesla's big money trades within the $210.0 to $500.0 strike price range have been closely monitored. This data is illustrated in the following chart.

The most significant options trades spotted for Tesla include a bearish put sweep expiring on 09/15/23 with a strike price of $250.00, a neutral put sweep expiring on 11/17/23 with the same strike price, a bullish call sweep expiring on 08/11/23 with a strike price of $255.00, a bullish put sweep expiring on 09/15/23 with a strike price of $270.00, and another bullish put sweep expiring on 08/04/23 with a strike price of $260.00.

Currently, Tesla's volume stands at 23,708,481, and the stock price is down -0.57% at $257.84. RSI indicators suggest that the stock is in a neutral position between being overbought and oversold. The next earnings release 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 and set price targets of $300 and $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. Serious options traders manage this risk by staying informed, scaling in and out of trades, using multiple indicators, and closely following the markets. For real-time options trade alerts on Tesla, Benzinga Pro is a valuable resource.

FutureCar Staff