Unpacking the Latest Options Trading Trends in Tesla

Financial giants have made a conspicuous bearish move on Tesla. Our analysis of options history for Tesla (NASDAQ:TSLA) revealed 376 unusual trades.

Delving into the details, we found 34% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 243 were puts, with a value of $14,835,916, and 133 were calls, valued at $8,978,125.

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 $170.0 to $600.0 for Tesla during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Tesla stands at 5974.74, with a total volume reaching 2,518,275.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Tesla, situated within the strike price corridor from $170.0 to $600.0, throughout the last 30 days.

Tesla Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Tesla

In light of the recent options history for Tesla, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Tesla

  • With a trading volume of 11,410,543, the price of TSLA is down by -1.46%, reaching $339.26.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 48 days from now.

Expert Opinions on Tesla

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $445.0.

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.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.