Financial giants have made a significant bullish move on Tesla, with 596 unusual trades recorded in the company’s options history. A closer look at these trades reveals that 46% of traders are bullish, while 34% are bearish.
Trade Breakdown
Out of the total trades, 89 were puts valued at $6,533,521, and 507 were calls valued at $49,842,431. This imbalance suggests a strong bullish sentiment among traders, with many betting on Tesla’s stock price to rise.
Expected Price Movements
Analyzing the volume and open interest of these contracts indicates that whales are targeting a price range of $300.0 to $600.0 for Tesla over the last three months. This price range is likely driven by the company’s fundamentals and the overall market sentiment.
Analyzing Volume & Open Interest
Volume and open interest are essential metrics for conducting due diligence on a stock. They provide insights into the liquidity and interest in a company’s options for a given strike price. The evolution of volume and open interest for Tesla’s options over the last 30 days is shown below:
Tesla Option Volume And Open Interest Over Last 30 Days
The chart below illustrates the volume and open interest for Tesla’s calls and puts over the last 30 days.
Largest Options Trades Observed
The following table highlights the largest options trades observed for Tesla:
| 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 leading electric vehicle manufacturer and developer of autonomous driving software. The company offers a range of vehicles, including luxury and midsize sedans, crossover SUVs, a light truck, and a semi-truck. Tesla also provides energy storage solutions, solar panels, and solar roofs.
Current Position of Tesla
- Currently trading with a volume of 10,310,202, Tesla’s stock price is up by 4.28%, now at $449.03.
- RSI readings suggest the stock may be overbought.
- Anticipated earnings release is in 29 days.
What The Experts Say On Tesla
Industry analysts have shared their insights on Tesla, with an average target price of $383.4. Recent analyst ratings include:
- Morgan Stanley: Overweight rating, target price of $400.
- Cantor Fitzgerald: Neutral rating, target price of $365.
- Stifel: Buy rating, target price of $411.
- Mizuho: Outperform rating, target price of $515.
- UBS: Sell rating, 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, and staying attuned to market dynamics.