Tesla Motors (TSLA) – What whales are doing with Tesla

Someone with a lot of money to spend has taken a bearish stance on You’re here TSLA.

And retailers should know that.

We noticed this today when the large position appeared on the history of publicly available options that we track here at Benzinga.

Whether it is an institution or just a wealthy individual, we don’t know. But when something this big happens with TSLA, it often means someone knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner spotted 133 unusual options trades for Tesla.

It is not normal.

The general sentiment of these big traders is split between 44% bullish and 55% bearish.

Of all the special options we discovered, 76 are put options, totaling $5,213,922, and 57 are call options, totaling $11,256,056.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $180.0 to $366.67 for Tesla over the past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Tesla options for a given strike price. Below we can observe the evolution of volume and open interest in calls and puts, respectively, for all Tesla whale trades within a strike price range of $180.0 at $366.67 in the last 30 days.

Tesla Options Volume and Open Interest in the Last 30 Days

The biggest options spotted:









Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
TSLA CALL SWEEP NEUTRAL 11/18/22 $293.33 $3.7M 2.7K 8.6K
TSLA CALL SWEEP NEUTRAL 09/16/22 $265.00 $3.3M 13.5K 8.6K
TSLA CALL SWEEP NEUTRAL 11/18/22 $293.33 $283.8K 2.7K 6.7K
TSLA CALL SWEEP NEUTRAL 09/16/22 $265.00 $256,000 13.5K 6.7K
TSLA CALL TRADE BULLISH 10/21/22 $283.33 $146,400 5.6K 278

Where is Tesla right now?

  • With a volume of 14,141,697, the price of TSLA is down -1.31% at $281.08.
  • RSI indicators suggest that the underlying stock is currently neutral between overbought and oversold.
  • The next results should be published in 50 days.

What experts say about Tesla:

  • Morgan Stanley has decided to maintain its overweight rating on Tesla, which currently sits at a price target of $383.
  • Wedbush decided to maintain its outperform rating on Tesla, which currently sits at a price target of $360.
  • Jefferies has decided to maintain its Buy rating on Tesla, which currently sits at a price target of $350.
  • Deutsche Bank has decided to maintain its buy rating on Tesla, which currently sits at a price target of $375.
  • Morgan Stanley has decided to maintain its overweight rating on Tesla, which currently sits at a price target of $383.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Tesla, Benzinga Pro gives you real-time options trade alerts.

About Mildred B.

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