Financial giants have made a conspicuous bearish move on Tesla. Our analysis of options history for Tesla TSLA revealed 108 unusual trades.
Delving into the details, we found 34% of traders were bullish, while 65% showed bearish tendencies. Out of all the trades we spotted, 58 were puts, with a value of $4,171,293, and 50 were calls, valued at $3,058,432.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $175.0 to $280.0 for Tesla during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Tesla options trades today is 11577.0 with a total volume of 2,359,511.00.
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 $175.0 to $280.0 over the last 30 days.
Tesla Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | PUT | TRADE | NEUTRAL | 02/16/24 | $210.00 | $272.8K | 24.0K | 3.2K |
| TSLA | PUT | SWEEP | BEARISH | 01/19/24 | $210.00 | $173.8K | 32.3K | 50.0K |
| TSLA | PUT | SWEEP | BULLISH | 01/26/24 | $210.00 | $169.7K | 10.2K | 5.3K |
| TSLA | PUT | SWEEP | BEARISH | 01/19/24 | $210.00 | $127.2K | 32.3K | 65.8K |
| TSLA | PUT | SWEEP | NEUTRAL | 09/20/24 | $220.00 | $107.5K | 8.8K | 12 |
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.
Where Is Tesla Standing Right Now?
- Trading volume stands at 29,526,137, with TSLA's price down by -0.95%, positioned at $209.88.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 5 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Tesla with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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