Tesla Inc. TSLA is scheduled to report earnings on Wednesday after the bell.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Tesla’s trades on Tuesday implied a move of about 8.2% by the end of this week. This is greater than the average 5.5% move in the last eight reported quarters, he stated.
Check out other stocks making moves in the premarket.
There were buyers of 70,130 of the October 220 puts at an average price of $8.50 per contract, Khouw added. Traders expect shares of Tesla to decline by at least 4.5% by Friday expiration, he added.
TSLA Price Action: Shares of Tesla had risen by 0.38% to close at $220.19 on Tuesday.
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