Deep-pocketed investors have adopted a bullish approach towards Tesla (NASDAQ:TSLA), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TSLA usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 691 extraordinary options activities for Tesla. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 48% leaning bullish and 39% bearish. Among these notable options, 206 are puts, totaling $16,047,289, and 485 are calls, amounting to $34,120,479.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $950.0 for Tesla over the last 3 months.

Volume & Open Interest Development

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 $5.0 to $950.0 in the last 30 days.

Tesla Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Tesla

Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2024 were a little below 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business.

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.

Current Position of Tesla

• Currently trading with a volume of 48,390,648, the TSLA's price is up by 4.23%, now at $421.64.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 7 days.

Professional Analyst Ratings for Tesla

5 market experts have recently issued ratings for this stock, with a consensus target price of $395.0.

• Maintaining their stance, an analyst from UBS continues to hold a Sell rating for Tesla, targeting a price of $307.
• An analyst from Truist Securities has decided to maintain their Hold rating on Tesla, which currently sits at a price target of $439.
• An analyst from Canaccord Genuity persists with their Buy rating on Tesla, maintaining a target price of $551.
• An analyst from Baird downgraded its action to Outperform with a price target of $548.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Underweight rating on Tesla with a target price of $130.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.