Tesla Options Trading Surges Ahead Of Wednesday Earnings Report

Tesla, Inc. TSLA is scheduled to release earnings for the latest quarter on Oct. 18, 2023.

On CNBC’s "Options Action,"  Mike Khouw of Optimize Advisors said Tesla was the most active single stock option, trading 25% above its average volume on Friday.

Options markets are implying a move of around +/-6% following the release of earnings by the end of the week.

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There was a buyer of 1,000 of the December 245-puts at an average price of $16.15 per contract, Khouw said.

Traders expect Tesla’s stock to trade below $229 by December expiration.

Analysts expect Tesla to post quarterly earnings at 74 cents per share on revenue of $24.16 billion for the latest quarter.

Price Action: Tesla shares fell 3% to close at $251.12 on Friday.

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