A whale with a lot of money to spend has taken a noticeably bullish stance on Tesla.
Looking at options history for Tesla TSLA we detected 19 strange trades.
If we consider the specifics of each trade, it is accurate to state that 68% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $298,476 and 12, calls, for a total amount of $671,527.
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 $133.33 to $210.0 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 $133.33 to $210.0 in 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 | BULLISH | 05/19/23 | $165.00 | $256.2K | 27.2K | 15.6K |
| TSLA | CALL | SWEEP | BULLISH | 05/19/23 | $170.00 | $92.0K | 26.3K | 64.6K |
| TSLA | PUT | SWEEP | BULLISH | 05/19/23 | $165.00 | $70.1K | 29.7K | 65.3K |
| TSLA | PUT | SWEEP | BULLISH | 05/19/23 | $165.00 | $60.0K | 29.7K | 62.5K |
| TSLA | CALL | TRADE | BEARISH | 03/15/24 | $133.33 | $54.7K | 609 | 70 |
Where Is Tesla Standing Right Now?
- With a volume of 54,136,066, the price of TSLA is down -0.89% at $166.49.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 65 days.
What The Experts Say On Tesla:
- Jefferies downgraded its action to Hold with a price target of $185
- Piper Sandler has decided to maintain their Overweight rating on Tesla, which currently sits at a price target of $280.
- Wedbush downgraded its action to Outperform with a price target of $225
- Barclays has decided to maintain their Overweight rating on Tesla, which currently sits at a price target of $230.
- TD Cowen has decided to maintain their Market Perform rating on Tesla, which currently sits at a price target of $150.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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