Whales' TSLA Activities

author: FutureCar Staff    

A wealthy investor has shown a strong interest in Tesla, as indicated by their bullish stance on the company. Upon analyzing the options history for Tesla, 109 unusual trades were detected. These trades revealed that 50% of investors had a positive outlook on the stock, while 49% had a negative outlook.

Out of the total trades identified, 32 were put options, amounting to $2,362,111, and 77 were call options, totaling $4,896,044. This suggests that there is significant activity surrounding Tesla's options market.

Considering the volume and open interest on these contracts, it appears that the whales in the market 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 following chart illustrates the development of volume and open interest for call and put options within a strike price range of $210.0 to $500.0 over the last 30 days, providing insights into the activity of Tesla's big money trades.

Here are some of the most significant options trades that have been observed:

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

Tesla's current stock volume is 23,708,481, and the price of TSLA has decreased by -0.57% to $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, Tesla has been given a Buy rating with a price target of $330. On the other hand, Guggenheim has maintained a Sell rating with a price target of $125. Wedbush downgraded its rating 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 and set a price target of $265.

Options trading carries more risk compared to simply trading the stock, but it also offers higher profit potential. Serious options traders manage 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.

FutureCar Staff