Tesla Expected To Move 8.5% After Earnings, Implied Volatility Shows
Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that implied volatility indicated the market expects Tesla Motors Inc (NASDAQ: TSLA) to make an 8.5 percent move (up or down) heading into its Q4 earnings report.
Kinahan noted that on Tuesday, there were a significant number of $190 weekly Put-buyers.
On Wednesday, buyers were focused on Puts at the $200 strike price.
There were some bulls in the market buying $220 calls, Kinahan added.
However, Puts have traded 3.5 times the normal volume, whereas Calls are trading at 2 times normal volume.
Kevin Riley and Brianna Valleskey contributed to this report.
Latest Ratings for TSLA
|Jan 2017||Morgan Stanley||Upgrades||Equal-Weight||Overweight|
|Jan 2017||Guggenheim||Initiates Coverage On||Buy|
|Oct 2016||Goldman Sachs||Maintains||Neutral|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.