Deep-pocketed investors have adopted a bearish approach towards Tesla, a move that shouldn’t be ignored. A significant surge in options activity was observed, with 1000 extraordinary activities for Tesla, indicating that something big is about to happen.
Investor Mood Divided
Among these heavyweight investors, the general mood is divided, with 41% leaning bullish and 44% bearish. The notable options include 234 puts, totaling $20,417,412, and 766 calls, amounting to $66,901,441.
What’s The Price Target?
Considering 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 and Open Interest Development
Analyzing the volume and open interest is a crucial step in options trading. These metrics provide insights into the liquidity and investor interest in Tesla’s options at specified strike prices.
Largest Options Trades
| 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, including luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck.
Tesla’s Current Market Status
- Currently trading with a volume of 47,709,351, the TSLA price is up by 2.99%, now at $401.44.
- RSI readings suggest the stock is currently 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.
Recent Analyst Updates
- An analyst from Wedbush downgraded its action to Outperform with a price target of $400.
- 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.
- An analyst from Guggenheim keeps a Sell rating on Tesla with a target price of $175.
- An analyst from Stifel continues to hold a Buy rating for Tesla, targeting a price of $411.