Whales' TSLA Moves

A wealthy investor has taken a bullish stance on Tesla, showing a strong interest in the company.

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

When examining the specifics of each trade, it is evident 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.

Based on the volume and open interest of these contracts, it seems that the whales 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 displays 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.

Here are some of 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 trading volume is 23,708,481, and the stock price has decreased by 0.57% to $257.84.

RSI indicators suggest that the underlying stock is in a neutral state between being overbought and oversold.

The next earnings report is expected to be released 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 has downgraded its action to Outperform with a price target of $300, and also to Outperform with a price target of $350.

Wells Fargo has downgraded its action to Equal-Weight with 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 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.