Why Tesla Shares Could Tumble After Earnings

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!