Whales' TSLA Moves

author: FutureCar Staff    

A wealthy individual who is bullish on Tesla has made some interesting trades in the options market. Upon analyzing the options history for Tesla, we have identified 109 unusual trades. These trades reveal that approximately 50% of the investors had 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. This indicates a significant amount of money being invested in both bullish and bearish positions.

Based on the volume and open interest of these contracts, it seems 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. This suggests that they have specific expectations for the stock's performance within this range.

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 for Tesla.

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 past 30 days. This visual representation helps track the trends and patterns in Tesla's big money trades.

Among the notable options trades, we have identified several significant ones. These include various put and call options with different sentiments, expiration dates, strike prices, total trade prices, open interest, and volume.

Currently, Tesla's stock is trading at $257.84, experiencing a slight decline of -0.57% with a volume of 23,708,481. 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.

According to the experts, Mizuho maintains a Buy rating on Tesla with a price target of $330. Guggenheim, on the other hand, maintains a Sell rating with a price target of $125. Wedbush has downgraded its action to Outperform and set two different price targets of $300 and $350. Wells Fargo has also 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 manage this risk by staying informed, scaling in and out of trades, using 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 to keep you informed.

FutureCar Staff