Tesla Unusual Options Activity

Deep-pocketed investors have adopted a bullish 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 189 extraordinary options activities for Tesla. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 45% leaning bullish and 40% bearish. Among these notable options, 30 are puts, totaling $1,963,974, and 159 are calls, amounting to $9,808,206.

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 $200.0 and $700.0 for Tesla, spanning the last three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Tesla's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Tesla's significant trades, within a strike price range of $200.0 to $700.0, over the past month.

Tesla Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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 2024 were a little below 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.

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.

Tesla's Current Market Status

• Currently trading with a volume of 4,752,458, the TSLA's price is up by 3.17%, now at $408.91.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 14 days.

Expert Opinions on Tesla

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $350.372.

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 GLJ Research downgraded its action to Sell with a price target of $24. * Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Tesla with a target price of $404. * An analyst from Baird has decided to maintain their Outperform rating on Tesla, which currently sits at a price target of $480. * Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Tesla with a target price of $351. * An analyst from Stifel has decided to maintain their Buy rating on Tesla, which currently sits at a price target of $492.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Tesla options trades with real-time alerts from Benzinga Pro.