A Closer Look at Tesla's Options Market Dynamics - Tesla (NASDAQ:TSLA)

Financial giants have made a conspicuous bearish move on Tesla. Our analysis of options history for Tesla (NASDAQ:TSLA) revealed 753 unusual trades.

Delving into the details, we found 38% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 158 were puts, with a value of $10,437,700, and 595 were calls, valued at $71,248,262.

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 $5.0 to $750.0 for Tesla during the past quarter.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Tesla options trades today is 7059.93 with a total volume of 8,954,112.00.

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 $5.0 to $750.0 over the last 30 days.

Tesla Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
TSLA	CALL	SWEEP	BULLISH	12/20/24	$12.6	$12.6	$12.6	$400.00	$808.9K	27.0K	55.9K
TSLA	CALL	SWEEP	BULLISH	12/20/24	$12.7	$12.6	$12.65	$400.00	$316.0K	27.0K	54.8K
TSLA	CALL	SWEEP	BULLISH	01/17/25	$28.1	$27.9	$28.03	$400.00	$280.3K	45.0K	9.4K
TSLA	CALL	SWEEP	BEARISH	12/20/24	$16.8	$16.75	$16.8	$390.00	$196.5K	8.3K	2.7K
TSLA	CALL	SWEEP	BEARISH	12/13/24	$6.55	$6.5	$6.55	$400.00	$140.1K	37.2K	63.9K

About Tesla

Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling more affordable vehicles, a sports car, and a robotaxi. Global deliveries in 2023 were a little over 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.

After a thorough review of the options trading surrounding Tesla, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Tesla's Current Market Status

With a trading volume of 29,894,320, the price of TSLA is up by 1.25%, reaching $394.1.
Current RSI values indicate that the stock is may be overbought.
Next earnings report is scheduled for 44 days from now.

Expert Opinions on Tesla

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $350.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Tesla, targeting a price of $400. * An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $400. * Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Tesla with a target price of $313. * An analyst from UBS persists with their Sell rating on Tesla, maintaining a target price of $226. * Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Tesla, targeting a price of $411.

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.

TSLATesla Inc

$418.57-0.87%

Overview

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