Deep-pocketed investors have adopted a bearish approach towards Tesla (NASDAQ: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 1000 extraordinary options activities for Tesla. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 41% leaning bullish and 44% bearish. Among these notable options, 234 are puts, totaling $20,417,412, and 766 are calls, amounting to $66,901,441.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $800.0 for Tesla over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Tesla's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Tesla's substantial trades, within a strike price spectrum from $5.0 to $800.0 over the preceding 30 days.
Tesla Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | TRADE | BULLISH | 12/13/24 | $22.15 | $21.9 | $22.05 | $385.00 | $1.1M | 9.8K | 11.5K |
| TSLA | CALL | TRADE | BEARISH | 12/13/24 | $18.3 | $18.15 | $18.2 | $390.00 | $910.0K | 39.2K | 23.2K |
| TSLA | PUT | SWEEP | BEARISH | 12/18/26 | $419.95 | $418.2 | $419.2 | $800.00 | $377.4K | 0 | 56 |
| TSLA | PUT | SWEEP | NEUTRAL | 12/19/25 | $229.5 | $227.85 | $228.6 | $600.00 | $205.8K | 26 | 10 |
| TSLA | CALL | SWEEP | BEARISH | 01/17/25 | $34.65 | $34.45 | $34.45 | $400.00 | $189.4K | 41.6K | 10.9K |
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 2023 were a little over 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.
Tesla's Current Market Status Currently trading with a volume of 47,709,351, the TSLA's price is up by 2.99%, now at $401.44. RSI readings suggest the stock is currently may be overbought. Anticipated earnings release is in 43 days. What Analysts Are Saying About Tesla
In the last month, 5 experts released ratings on this stock with an average target price of $353.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Wedbush downgraded its action to Outperform with a price target of $400. * Showing optimism, an analyst from Roth MKM upgrades its rating to Buy with a revised price target of $380. * An analyst from B of A Securities persists with their Buy rating on Tesla, maintaining a target price of $400. * Consistent in their evaluation, an analyst from Guggenheim keeps a Sell rating on Tesla with a target price of $175. * Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Tesla, targeting a price of $411.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Tesla, Benzinga Pro gives you real-time options trades alerts.
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