On CNBC's "Options Action," Dan Nathan said put options volume in Tesla, Inc. TSLA on Thursday was 1.5 times the call options volume and there was a trade that caught his attention during the session.
He explained that somebody rolled out from the May 3, 250-strike calls and bought to open the May 10, 250-strike calls for $4.77. The trade breaks even at $254.77 or 4.37 percent above the closing price on Thursday.
Related Links:
Tesla Rallies After Filing For Offering; Musk Could Buy Up To $10M Worth Of Shares
6 Months After Turning Bullish, Citron's Andrew Left Is Out Of Tesla
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
