Whales' TSLA Moves

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【Summary】A wealthy investor has shown 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. The volume and open interest for Tesla options trades today are 15425.94 and 1,169,500.00, respectively. The current price of TSLA is $257.84, with RSI indicators suggesting a neutral position. Mizuho maintains a Buy rating with a price target of $330, while Guggenheim maintains a Sell rating with a target of $125.

FutureCar Staff Aug 17, 2023 12:39 AM PT

A wealthy investor with a strong interest in Tesla 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 had bullish expectations, while 49% had bearish expectations.

Out of all the trades we 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 appears that 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 illustrates the volume and open interest of call and put options for Tesla's significant trades within a strike price range of $210.0 to $500.0 over the past 30 days.

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Here are the most notable options trades we have identified:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
TSLA	PUT	SWEEP	BEARISH	09/15/23	$250.00	$673.7K	25.5K	393
TSLA	PUT	SWEEP	NEUTRAL	11/17/23	$250.00	$171.6K	3.5K	2.7K
TSLA	CALL	SWEEP	BULLISH	08/11/23	$255.00	$138.2K	4.2K	1.4K
TSLA	PUT	SWEEP	BULLISH	09/15/23	$270.00	$114.6K	65.3K	1.8K
TSLA	PUT	SWEEP	BULLISH	08/04/23	$260.00	$107.8K	11.2K	40.3K

As of now, Tesla's volume stands at 23,708,481, and the stock price is down by 0.57% at $257.84. RSI indicators suggest that the underlying stock is currently 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. Guggenheim, on the other hand, maintains a Sell rating with a price target of $125. Wedbush has downgraded its action to Outperform with price targets of $300 and $350, while Wells Fargo has downgraded its action to Equal-Weight with a price target of $265.

Although options are riskier than trading the stock directly, they offer 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. To stay updated on the latest options trades for Tesla, consider using Benzinga Pro, which provides real-time options trade alerts.