A whale with a lot of money to spend has taken a noticeably bearish stance on Tesla.
Looking at options history for Tesla (NASDAQ:TSLA) we detected 550 strange trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 220 are puts, for a total amount of $15,256,808 and 330, calls, for a total amount of $21,428,338.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $500.0 to $2475.0 for Tesla over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Tesla's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Tesla's whale trades within a strike price range from $500.0 to $2475.0 in the last 30 days.
Tesla Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TSLA | CALL | SWEEP | BULLISH | 01/21/22 | $945.00 | $166.3K | 384 | 99 |
| TSLA | PUT | SWEEP | NEUTRAL | 01/28/22 | $950.00 | $100.5K | 276 | 117 |
| TSLA | CALL | TRADE | BEARISH | 03/18/22 | $1250.00 | $100.3K | 2.7K | 260 |
| TSLA | CALL | SWEEP | BULLISH | 12/17/21 | $950.00 | $89.0K | 6.8K | 45.4K |
| TSLA | CALL | TRADE | BULLISH | 12/17/21 | $960.00 | $80.5K | 6.4K | 22.3K |
Where Is Tesla Standing Right Now?
- With a volume of 13,977,943.00, the price of TSLA is up 2.94% at $954.15.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 40 days.
What The Experts Say On Tesla:
- New Street Research has decided to maintain their Buy rating on Tesla, which currently sits at a price target of $1580.
- Wedbush has decided to maintain their Outperform rating on Tesla, which currently sits at a price target of $1400.
- UBS has decided to maintain their Neutral rating on Tesla, which currently sits at a price target of $1000.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
