Financial giants have made a conspicuous bullish move on Tesla. Our analysis of options history for Tesla (NASDAQ:TSLA) revealed 596 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 34% showed bearish tendencies. Out of all the trades we spotted, 89 were puts, with a value of $6,533,521, and 507 were calls, valued at $49,842,431.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $600.0 for Tesla over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Tesla's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Tesla's whale activity within a strike price range from $300.0 to $600.0 in the last 30 days.
Tesla Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | SWEEP | BEARISH | 01/10/25 | $21.15 | $21.1 | $21.1 | $460.00 | $1.7M | 3.3K | 1.9K |
| TSLA | PUT | SWEEP | BEARISH | 12/27/24 | $9.45 | $9.25 | $9.45 | $450.00 | $753.9K | 7.9K | 5.2K |
| TSLA | CALL | SWEEP | BULLISH | 12/27/24 | $9.4 | $9.25 | $9.4 | $450.00 | $160.2K | 22.4K | 34.2K |
| TSLA | PUT | SWEEP | BEARISH | 12/27/24 | $9.45 | $9.3 | $9.45 | $450.00 | $124.6K | 7.9K | 5.5K |
| TSLA | PUT | TRADE | BULLISH | 01/17/25 | $12.55 | $12.4 | $12.4 | $410.00 | $124.0K | 3.5K | 330 |
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.
Following our analysis of the options activities associated with Tesla, we pivot to a closer look at the company's own performance.
Current Position of Tesla Currently trading with a volume of 10,310,202, the TSLA's price is up by 4.28%, now at $449.03. RSI readings suggest the stock is currently may be overbought. Anticipated earnings release is in 29 days. What The Experts Say On Tesla
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $383.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Morgan Stanley persists with their Overweight rating on Tesla, maintaining a target price of $400. * Maintaining their stance, an analyst from Cantor Fitzgerald continues to hold a Neutral rating for Tesla, targeting a price of $365. * An analyst from Stifel persists with their Buy rating on Tesla, maintaining a target price of $411. * In a positive move, an analyst from Mizuho has upgraded their rating to Outperform and adjusted the price target to $515. * Consistent in their evaluation, an analyst from UBS keeps a Sell rating on Tesla with a target price of $226.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Tesla with Benzinga Pro for real-time alerts.
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