Investors with significant capital have taken a bearish stance on Tesla. This development is crucial for retail traders to be aware of, as it often indicates that something significant is about to happen with the company’s stock.
Recent Trading Activity
Today, a notable number of uncommon options trades for Tesla were detected. A total of 312 unusual trades were identified, which is not a typical occurrence. The overall sentiment of these big-money traders is split, with 38% being bullish and 51% bearish.
Options Breakdown
Out of the unusual options trades, 80 are puts with a total value of $4,313,844, and 232 are calls with a total value of $11,708,702. This imbalance suggests that there is a significant amount of interest in Tesla’s stock, with a leaning towards bearish sentiment.
Expected Price Movements
After analyzing trading volumes and open interest, it appears that major market players are focusing on a price range between $340.0 and $500.0 for Tesla over the last three months.
Analyzing Volume and Open Interest
The average open interest for Tesla options stands at 7,568.57, with a total volume of 1,675,484.00. The accompanying data shows the progression of both call and put option volume and open interest for high-value trades in Tesla, within the strike price corridor from $340.0 to $500.0, over the last 30 days.
Biggest Options Spotted
The following table highlights the biggest options trades spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSLA | PUT | SWEEP | BULLISH | 01/24/25 | $6.1 | $5.95 | $6.0 | $410.00 | $155.6K | 8.5K | 10.1K |
| TSLA | PUT | SWEEP | BEARISH | 01/24/25 | $6.05 | $5.9 | $5.98 | $410.00 | $143.1K | 8.5K | 9.1K |
| TSLA | PUT | TRADE | BEARISH | 01/24/25 | $21.4 | $21.1 | $21.4 | $435.00 | $107.0K | 2.9K | 703 |
| TSLA | CALL | SWEEP | BULLISH | 01/31/25 | $33.65 | $33.45 | $33.6 | $400.00 | $100.8K | 4.4K | 510 |
| TSLA | CALL | TRADE | BULLISH | 01/24/25 | $10.15 | $10.05 | $10.15 | $417.50 | $81.2K | 4.3K | 6.7K |
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, and a semi truck. Tesla also provides batteries for stationary storage and solar panels and solar roofs for energy generation.
Current Position of Tesla
The current market position of Tesla is as follows:
- Trading volume: 13,853,341
- Stock price: $418.34, down by -1.35%
- RSI indicators: neutral between overbought and oversold
- Earnings announcement expected in 7 days
Expert Opinions on Tesla
A total of 5 professional analysts have given their take on Tesla’s stock in the last 30 days, with an average price target of $300.572. Some notable analyst opinions include:
- Truist Securities: maintaining a Hold rating with a price target of $351
- Evercore ISI Group: persisting with an In-Line rating and a target price of $275
- GLJ Research: downgrading to a Sell rating with a price target of $24
- Stifel: maintaining a Buy rating with a target price of $492
- Truist Securities: lowering the rating to Hold with a new price target of $360
Trading Options
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. Keeping up with the latest options trades for Tesla can provide valuable insights for investors.