Dan Nathan Sees Unusual Options Activity In Tesla


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Dan Nathan spoke on CNBC's "Options Action"

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about bullish options activity in Tesla Inc (NASDAQ:TSLA). He said call options volume was 1.5 times that of puts, and a lot of that call buying was in the short-dated calls.

Traders were buying the June 2, 340/350 call spread on Wednesday. Nathan explained that they are looking for a move of 2.64 percent to $350 by the end of the week.

Nathan added that the stock is up around 85 percent since December 2, and he sees a $295 price level as a long-term support for the stock.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: Analyst ColorCNBCOptionsMarketsMediaTrading IdeasDan NathanOptions Action