Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

Dan Nathan Sees Unusual Options Activity In Tesla

Share:

Dan Nathan spoke on CNBC's "Options Action" 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.

Posted-In: CNBC Dan Nathan Options ActionAnalyst Color Options Markets Media Trading Ideas

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
NUEMaintains61.0
MMCMaintains105.0
BTIDowngrades
DGMaintains142.0
MDLZMaintains52.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Benzinga's Top Upgrades, Downgrades For June 1, 2017

Fast Money Picks For June 1