On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Tesla Inc. TSLA was the busiest single stock option on Thursday, trading over 1 million contracts higher than Apple Inc. AAPL.
Check out other stocks making moves in the premarket.
There was a buyer of 30,300 of the January 2024 350/360 call spreads at an average price of $1.47 per contract, Khouw mentioned. The trader bet about $5 million that Tesla would rise by at least 65% by January expiration, he added.
TSLA Price Action: Shares of Tesla rose by 2.06% to close at $221.72 on Thursday.
Photo courtesy of Tesla.
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