Deep-pocketed investors have adopted a bearish approach towards Tesla TSLA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TSLA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 1000 extraordinary options activities for Tesla. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 42% bearish. Among these notable options, 259 are puts, totaling $20,802,161, and 741 are calls, amounting to $81,840,060.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $690.0 for Tesla, spanning the last three months.
Volume & Open Interest Trends
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 $5.0 to $690.0 over the preceding 30 days.
Tesla Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | SWEEP | NEUTRAL | 03/21/25 | $108.55 | $107.8 | $108.33 | $400.00 | $1.5M | 13.4K | 480 |
| TSLA | CALL | SWEEP | BEARISH | 12/20/24 | $19.8 | $19.45 | $19.75 | $462.50 | $1.4M | 2.2K | 4.4K |
| TSLA | CALL | SWEEP | BEARISH | 06/20/25 | $84.95 | $84.45 | $84.45 | $500.00 | $472.9K | 23.6K | 1.7K |
| TSLA | CALL | SWEEP | BEARISH | 06/20/25 | $84.95 | $84.45 | $84.45 | $500.00 | $287.1K | 23.6K | 1.6K |
| TSLA | CALL | TRADE | BULLISH | 12/20/24 | $21.9 | $21.7 | $21.84 | $460.00 | $218.4K | 12.0K | 16.6K |
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.
Present Market Standing of Tesla
- Currently trading with a volume of 60,964,300, the TSLA's price is up by 3.14%, now at $477.54.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 36 days.
What The Experts Say On Tesla
5 market experts have recently issued ratings for this stock, with a consensus target price of $389.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Roth MKM has elevated its stance to Buy, setting a new price target at $380. * An analyst from Morgan Stanley persists with their Overweight rating on Tesla, maintaining a target price of $400. * An analyst from Cantor Fitzgerald has decided to maintain their Neutral rating on Tesla, which currently sits at a price target of $365. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Tesla, targeting a price of $400. * Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $400.
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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