Looking At Tesla's Recent Whale Trades

Looking At Tesla's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Tesla.

Looking at options history for Tesla TSLA we detected 550 strange trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 398 are puts, for a total amount of $35,101,168 and 152, calls, for a total amount of $10,589,970.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $116.67 to $633.33 for Tesla over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Tesla options trades today is 7310.1 with a total volume of 6,554,222.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Tesla's big money trades within a strike price range of $116.67 to $633.33 over the last 30 days.

Tesla Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TSLA PUT TRADE BEARISH 01/19/24 $550.00 $916.6K 1.9K 749
TSLA PUT TRADE BEARISH 01/19/24 $491.67 $751.5K 1.3K 274
TSLA PUT TRADE BEARISH 01/19/24 $491.67 $751.5K 1.3K 154
TSLA PUT TRADE BEARISH 01/19/24 $491.67 $503.1K 1.3K 444
TSLA PUT TRADE BEARISH 01/19/24 $491.67 $503.0K 1.3K 484

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TSLA PUT TRADE BEARISH 01/19/24 $550.00 $916.6K 1.9K 749
TSLA PUT TRADE BEARISH 01/19/24 $491.67 $751.5K 1.3K 274
TSLA PUT TRADE BEARISH 01/19/24 $491.67 $751.5K 1.3K 154
TSLA PUT TRADE BEARISH 01/19/24 $491.67 $503.1K 1.3K 444
TSLA PUT TRADE BEARISH 01/19/24 $491.67 $503.0K 1.3K 484

Where Is Tesla Standing Right Now?

  • With a volume of 34,878,011, the price of TSLA is down -6.94% at $246.85.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 16 days.

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.

If you want to stay updated on the latest options trades for Tesla, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets