Spotlight on Tesla: Analyzing the Surge in Options Activity
- by Benzinga.com
- Oct 23, 2024
- 0 Comments
- 0 Likes Flag 0 Of 5
Benzinga Insights, Benzinga Staff Writer
October 23, 2024 11:30 AM
| 3 min read Deep-pocketed investors have adopted a bearish approach towards Tesla
TSLA
, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TSLA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 142 extraordinary options activities for Tesla. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 42% leaning bullish and 45% bearish. Among these notable options, 56 are puts, totaling $3,525,995, and 86 are calls, amounting to $7,505,939.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $400.0 for Tesla over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Tesla's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Tesla's substantial trades, within a strike price spectrum from $120.0 to $400.0 over the preceding 30 days.
Tesla 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
Please first to comment
Related Post
Stay Connected
Tweets by elonmuskTo get the latest tweets please make sure you are logged in on X on this browser.
Sponsored
Popular Post
Tesla: Buy This Dip, Energy Growth And Margin Recovery Are Vastly Underappreciated
28 ViewsJul 29 ,2024