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Tesla Expected To Move 8.5% After Earnings, Implied Volatility Shows

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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

DateFirmActionFromTo
Jul 2019ReiteratesUnderweight
Jul 2019MaintainsBuy
Jul 2019MaintainsNeutral

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Posted-In: JJ Kinahan TD AmeritradeAnalyst Color Previews Exclusives Analyst Ratings Trading Ideas Interview

 

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