Big Players' Recent Trades in TSLA Options

Investors with a lot of money to spend have taken a bearish stance on Tesla TSLA.

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, 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 these investors just did?

Today, Benzinga's options scanner spotted 69 uncommon options trades for Tesla.

This isn't normal.

The overall sentiment of these big-money traders is split between 31% bullish and 68%, bearish.

Out of all of the special options we uncovered, 24 are puts, for a total amount of $1,052,752, and 45 are calls, for a total amount of $1,849,306.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $215.0 to $250.0 for Tesla over the recent three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Tesla's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Tesla's substantial trades, within a strike price spectrum from $215.0 to $250.0 over the preceding 30 days.

Tesla Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Tesla

Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2022 were a little over 1.3 million vehicles.

In light of the recent options history for Tesla, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Tesla

• Trading volume stands at 23,185,864, with TSLA's price down by -0.15%, positioned at $233.85.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 61 days.

What Analysts Are Saying About Tesla

In the last month, 2 experts released ratings on this stock with an average target price of $178.0.

• In a cautious move, an analyst from HSBC downgraded its rating to Reduce, setting a price target of $146.
• Consistent in their evaluation, an analyst from Jefferies keeps a Hold rating on Tesla with a target price of $210.

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.