A recent significant move in the investment landscape has caught our attention: deep-pocketed investors are adopting a bearish approach towards Tesla. While the identity of these investors remains unknown, such a substantial move in TSLA usually suggests that something big is about to happen.
Tracking Public Options Records
Our analysis of public options records revealed 79 extraordinary options activities for Tesla, a level of activity that is out of the ordinary. The general mood among these heavyweight investors is divided, with 36% leaning bullish and 51% bearish.
Options Data: A Closer Look
Among these notable options, 35 are puts, totaling $2,314,376, and 44 are calls, amounting to $4,642,197. Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $710.0 for Tesla over the recent three months.
Analyzing Volume and Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help 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 trades within a strike price range from $300.0 to $710.0 in the 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 | BULLISH | 12/06/24 | $7.95 | $7.8 | $7.95 | $375.00 | $954.0K | 3.3K | 2.6K |
| TSLA | CALL | SWEEP | BEARISH | 11/22/24 | $4.4 | $4.25 | $4.26 | $350.00 | $438.5K | 22.3K | 8.8K |
| TSLA | PUT | SWEEP | BEARISH | 11/22/24 | $8.85 | $8.75 | $8.85 | $342.50 | $265.5K | 3.2K | 3.4K |
| TSLA | CALL | SWEEP | BEARISH | 11/22/24 | $10.5 | $10.35 | $10.35 | $337.50 | $207.0K | 2.3K | 672 |
| TSLA | CALL | TRADE | BULLISH | 03/21/25 | $39.6 | $39.3 | $39.5 | $370.00 | $197.5K | 3.6K | 153 |
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.
Current Position of Tesla
- Currently trading with a volume of 2,819,609, the TSLA’s price is down by -0.34%, now at $344.83.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 63 days.
Professional Analyst Ratings for Tesla
- A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $318.6.
Analyst Ratings Summary
- Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $400.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Tesla with a target price of $315.
- Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Tesla with a target price of $298.
- An analyst from B of A Securities has decided to maintain their Buy rating on Tesla, which currently sits at a price target of $265.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Tesla with a target price of $315.