Investors with a lot of money to spend have taken a bearish stance on Tesla (NASDAQ:TSLA).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TSLA, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 537 uncommon options trades for Tesla.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 46%, bearish.

Out of all of the special options we uncovered, 131 are puts, for a total amount of $7,119,197, and 406 are calls, for a total amount of $32,601,577.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $800.0 for Tesla during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Tesla's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Tesla's whale activity within a strike price range from $300.0 to $800.0 in the last 30 days.

Tesla Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About Tesla

After a thorough review of the options trading surrounding Tesla, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Tesla's Current Market Status

• With a volume of 21,310,146, the price of TSLA is up 1.82% at $417.89.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 23 days.

What Analysts Are Saying About Tesla

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $307.172.

Turn $1000 into $1270 in just 20 days?

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Tesla options trades with real-time alerts from Benzinga Pro.