Deep-pocketed investors have recently adopted a bearish approach towards Tesla, and it’s something market players shouldn’t ignore.
A Significant Move in TSLA
Our tracking of public options records has 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.
Notable Options Activities
We gleaned this information from our observations today when our options scanner highlighted 31 extraordinary options activities for Tesla. This level of activity is out of the ordinary.
General Mood Among Investors
The general mood among these heavyweight investors is divided, with:
- 35% leaning bullish
- 54% bearish
Options Breakdown
Among these notable options:
- 9 are puts, totaling $570,642
- 22 are calls, amounting to $1,478,348
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $335.0 to $500.0 for Tesla during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Tesla’s options at certain strike prices.
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | SWEEP | NEUTRAL | 11/29/24 | $8.15 | $8.05 | $8.1 | $345.00 | $213.3K | 6.9K | 2.7K |
| TSLA | PUT | SWEEP | BEARISH | 11/22/24 | $4.0 | $3.9 | $3.98 | $340.00 | $205.5K | 10.0K | 8.3K |
| TSLA | CALL | SWEEP | BEARISH | 11/22/24 | $6.55 | $6.4 | $6.4 | $335.00 | $186.7K | 6.2K | 1.3K |
| TSLA | CALL | SWEEP | BEARISH | 11/29/24 | $6.4 | $6.35 | $6.35 | $350.00 | $160.0K | 15.9K | 3.4K |
| TSLA | CALL | SWEEP | BEARISH | 11/22/24 | $6.75 | $6.6 | $6.6 | $335.00 | $145.8K | 6.2K | 1.2K |
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
- Trading volume stands at 3,190,024, with TSLA’s price up by 0.88%, positioned at $342.63.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 61 days.
Expert Opinions on Tesla
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $289.6.
Analyst Ratings
- B of A Securities: Buy rating with a target price of $350
- Stifel: Buy rating with a target price of $287
- JP Morgan: Underweight rating with a target price of $135
- Wedbush: Outperform rating with a target price of $400
- KGI Securities: Outperform rating with a revised price target of $276