Whales' TSLA Moves

author: FutureCar Staff    

A wealthy individual with a strong belief in Tesla's potential has taken a bullish stance on the company. Upon analyzing the options history for Tesla, we have identified 109 unusual trades. Upon closer examination, it is evident that 50% of investors entered trades with a bullish outlook, while 49% took a bearish approach.

Out of all the trades observed, 32 were puts, amounting to a total value of $2,362,111, and 77 were calls, totaling $4,896,044. These figures provide insight into the trading activity surrounding Tesla.

Based on the volume and open interest of these contracts, it appears that these influential 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 and engagement in the options market for Tesla.

The following chart illustrates the development of volume and open interest for call and put options within the strike price range of $210.0 to $500.0 over the past 30 days, providing a visual representation of Tesla's big money trades.

Here are some of the notable options trades we have 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 volume stands at 23,708,481, and its price 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 release is expected in 75 days.

According to experts, Mizuho maintains its Buy rating on Tesla with a price target of $330. Guggenheim, on the other hand, maintains its Sell rating with a price target of $125. Wedbush has downgraded its action to Outperform with two different price targets: $300 and $350. Wells Fargo has downgraded its action to Equal-Weight with a price target of $265.

While options trading carries more risk compared to trading stocks directly, it also offers higher profit potential. Serious options traders mitigate this risk by staying informed, scaling their trades, following multiple indicators, and closely monitoring the markets. For real-time alerts on the latest options trades for Tesla, Benzinga Pro is a valuable resource.

FutureCar Staff