This Is What Whales Are Betting On Tesla

Someone with a lot of money to spend has taken a bearish stance on Tesla TSLA.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 67 uncommon options trades for Tesla.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.

Out of all of the special options we uncovered, 28 are puts, for a total amount of $1,500,417, and 39 are calls, for a total amount of $2,365,600.

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 $125.0 to $252.5 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 9585.87 with a total volume of 252,001.00.

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 $125.0 to $252.5 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 CALL SWEEP BEARISH 10/21/22 $210.00 $587.1K 6.1K 825
TSLA PUT SWEEP BEARISH 10/21/22 $205.00 $182.1K 10.8K 1.8K
TSLA CALL SWEEP BULLISH 10/21/22 $220.00 $121.6K 17.6K 7.5K
TSLA CALL SWEEP BEARISH 10/21/22 $220.00 $101.4K 17.6K 7.2K
TSLA PUT SWEEP BULLISH 01/20/23 $130.00 $64.3K 3.5K 253

Where Is Tesla Standing Right Now?

  • With a volume of 7,174,930, the price of TSLA is down -0.78% at $218.47.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Tesla:

  • Goldman Sachs has decided to maintain their Buy rating on Tesla, which currently sits at a price target of $333.
  • Mizuho has decided to maintain their Buy rating on Tesla, which currently sits at a price target of $370.
  • Piper Sandler has decided to maintain their Overweight rating on Tesla, which currently sits at a price target of $340.
  • Morgan Stanley has decided to maintain their Overweight rating on Tesla, which currently sits at a price target of $350.
  • Wells Fargo has decided to maintain their Equal-Weight rating on Tesla, which currently sits at a price target of $230.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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