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Tesla Unusual Options Activity

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Investors with a lot of money to spend have taken a bullish stance on Tesla TSLA.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with TSLA, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga‘s options scanner spotted 54 uncommon options trades for Tesla.

This isn’t normal.

The overall sentiment of these big-money traders is split between 51% bullish and 48%, bearish.

Out of all of the special options we uncovered, 18 are puts, for a total amount of $1,064,791, and 36 are calls, for a total amount of $1,671,162.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $190.0 to $200.0 for Tesla over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $190.0 to $200.0 in the last 30 days.

Tesla Option Activity Analysis: Last 30 Days

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Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TSLA PUT SWEEP BEARISH 02/16/24 $190.00 $163.8K 16.3K 4.4K
TSLA CALL SWEEP BULLISH 02/16/24 $197.50 $112.1K 30.6K 3.5K
TSLA CALL SWEEP BULLISH 02/16/24 $195.00 $109.6K 51.8K 6.5K
TSLA PUT SWEEP BEARISH 02/16/24 $195.00 $108.0K 13.4K 603
TSLA CALL SWEEP BULLISH 02/16/24 $197.50 $91.6K 30.6K 6.2K

About Tesla

Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2023 were a little over 1.8 million vehicles.

After a thorough review of the options trading surrounding Tesla, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Tesla

  • Trading volume stands at 2,594,358, with TSLA’s price down by -0.77%, positioned at $192.07.
  • RSI indicators show the stock to be may be approaching oversold.
  • Earnings announcement expected in 65 days.

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 with real-time alerts from Benzinga Pro.

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