Market Overview

Mike Khouw Sees Unusual Options Activity In Tesla

Share:
Related TSLA
Gordon Johnson: With 90-95% Conviction Rate, The DoJ's Tesla Investigation Is 'Concerning For All Those Long The Stock'
Stock Market Appears To Focus On US-China Tariff News As US, Canada Continue Talks
Stocks Back At Record Highs (Wall Street Breakfast Podcast) (Seeking Alpha)

On CNBC's "Options Action", Mike Khouw spoke about high options activity in Tesla Inc (NASDAQ: TSLA). The options trading volume in the name was two times its average daily options volume, which made it the busiest single stock option.

See Also: What Wall Street Is Saying About Musk Taking Tesla Private

The most of that activity was concentrated in the August 10 expiry, 380 strike calls. Over 11,000 contracts were purchased for $5.50. The breakeven for the trade is at $385.50 or approximately 4 percent above the current market price.

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Alibaba, Celgene, Foot Locker, Nordstrom: 'Fast Money' Picks For August 9

A Peek Into The Markets: US Stock Futures Edge Higher Ahead Of Earnings, Economic Data