Whales' TSLA Activities Revealed

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【Summary】A whale investor has taken a bullish stance on Tesla, with 50% of investors opening trades with bullish expectations. The whale has been targeting 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. Some notable options trades include bearish and bullish put and call sweeps. The current price of TSLA is $257.

FutureCar Staff Aug 17, 2023 10:22 AM PT

A wealthy individual with a strong interest in Tesla has taken a bullish position on the company. Upon analyzing the options history for Tesla, we have identified 109 unusual trades. When examining the specifics of each trade, it becomes clear that 50% of investors opened trades with bullish expectations, while 49% took a bearish stance.

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

Based on the volume and open interest of these contracts, it appears that these investors have set 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.

The chart below illustrates the development of volume and open interest for call and put options within a strike price range of $210.0 to $500.0 for Tesla's significant trades over the past 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, Tesla has a trading volume of 23,708,481, and its price stands at $257.84, representing a decrease of -0.57%.

RSI indicators suggest that the underlying stock is currently in a neutral state, neither overbought nor oversold. The next earnings report is expected to be released in 75 days.

According to Mizuho, Tesla maintains a Buy rating with a price target of $330. On the other hand, Guggenheim maintains a Sell rating with a price target of $125. Wedbush has 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 has downgraded its action to Equal-Weight and set a price target of $265.

Options trading carries more risk compared to trading the stock directly, but it also offers higher profit potential. Experienced options traders manage this risk by staying informed, scaling in and out of trades, using multiple indicators, and closely following the markets.

If you wish to stay updated on the latest options trades for Tesla, consider utilizing Benzinga Pro, which provides real-time options trade alerts.