Deep-pocketed investors have adopted a bullish approach towards Tesla, and it’s something market players shouldn’t ignore. Our tracking of public options records has unveiled this significant move. The identity of these investors remains unknown, but such a substantial move in Tesla usually suggests something big is about to happen.
Key Findings
- 189 extraordinary options activities for Tesla have been detected, which is out of the ordinary.
- The general mood among these heavyweight investors is divided, with 45% leaning bullish and 40% bearish.
- 30 puts, totaling $1,963,974, and 159 calls, amounting to $9,808,206, have been recorded.
What’s The Price Target?
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $200.0 and $700.0 for Tesla, spanning the last three months.
Insights into Volume & Open Interest
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.
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 | TRADE | BULLISH | 01/17/25 | $16.5 | $16.25 | $16.5 | $400.00 | $460.3K | 31.5K | 2.9K |
| TSLA | CALL | SWEEP | NEUTRAL | 01/17/25 | $10.15 | $9.95 | $10.05 | $410.00 | $326.8K | 15.0K | 12.1K |
| TSLA | CALL | SWEEP | BULLISH | 01/17/25 | $11.2 | $11.05 | $11.05 | $410.00 | $216.7K | 15.0K | 9.6K |
| TSLA | CALL | SWEEP | BEARISH | 01/17/25 | $6.45 | $6.3 | $6.34 | $420.00 | $214.0K | 20.8K | 10.7K |
| TSLA | PUT | SWEEP | BULLISH | 02/21/25 | $26.95 | $26.7 | $26.7 | $400.00 | $203.1K | 14.1K | 137 |
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 4,752,458, the TSLA’s price is up by 3.17%, now at $408.91.
- RSI readings suggest the stock is currently neutral between overbought and oversold.
- Anticipated earnings release is in 14 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 $350.372. Analysts from various firms have provided the following ratings:
- GLJ Research: Sell with a price target of $24
- Canaccord Genuity: Buy with a target price of $404
- Baird: Outperform with a price target of $480
- Truist Securities: Hold with a target price of $351
- Stifel: Buy with a target price of $492
Conclusion
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Tesla options trades to make informed decisions.