Whales' TSLA Moves

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【Summary】A wealthy investor has taken a bullish stance on Tesla, with 50% of trades being bullish and 49% bearish. Whales have 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 today is 15425.94 with a total volume of 1,169,500.00.

FutureCar Staff Aug 14, 2023 5:16 PM PT

A wealthy investor with a strong belief in Tesla's future success has taken a bullish stance on the company. Upon analyzing the options history for Tesla, we have identified 109 unusual trades. These trades reveal that 50% of investors have opened positions with a bullish outlook, while 49% have taken a bearish approach.

Out of the total trades observed, 32 are puts, with a combined value of $2,362,111, and 77 are calls, totaling $4,896,044. These figures provide insights into the trading activity surrounding Tesla.

Considering the volume and open interest on these contracts, it appears that these investors 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 15425.94, with a total volume of 1,169,500.00. This data reflects the level of activity in the options market for Tesla.

The following chart illustrates the volume and open interest development of call and put options for Tesla trades within a strike price range of $210.0 to $500.0 over the last 30 days.

Below are some of the largest options trades that have been identified:

- 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

Currently, Tesla's stock price is at $257.84, experiencing a decrease of -0.57% with a trading volume of 23,708,481. RSI indicators suggest that the 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 various 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, setting a price target of $300, and also to Outperform with a price target of $350. Wells Fargo has downgraded its action to Equal-Weight, establishing 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 following the markets. To stay updated on the latest options trades for Tesla, Benzinga Pro provides real-time options trade alerts.