Whales' Actions with Tesla (NASDAQ: TSLA)

Investors with significant capital, often referred to as 'whales', have taken a pessimistic stance towards Tesla (TSLA). This noteworthy shift is drawing attention from market participants and should not be overlooked. Recent findings from options activity tracked at Benzinga have revealed intriguing movements today.

While the identities of these large investors remain anonymous, the magnitude of their option activities often signals that something substantial might be in the pipeline for Tesla. According to today's observations, the Benzinga options scanner identified 495 unusual activities related to Tesla options, indicating a remarkable level of trading activity.

Market Sentiment Snapshot

The overall sentiment among these heavyweight investors is mixed, with about 39% showing a bullish outlook while 48% are bearish. In the recent options data, there are 224 put options totaling approximately $13,701,711 and 271 call options valued at around $20,817,562.

Projected Price Range for Tesla

Based on the volume and open interest from the recent contracts, it appears that large investors, or whales, have been targeting a price range for Tesla between $150.00 and $520.00 over the past three months.

Volume and Open Interest Analysis

In the current trading scenario, Tesla's options have an average open interest of 7,621.59, alongside a total trading volume of 10,126,201.00. The chart below illustrates the trends in both call and put option volume and open interest concerning high-value trades for Tesla, taking place within the strike price span of $150.00 to $520.00 over the previous 30 days.

Recent Options Trading Activity

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
TSLA	CALL	SWEEP	BULLISH	11/15/24	$6.3	$6.2	$6.3	$275.00	$609.2K	14.0K	10.1K
TSLA	PUT	SWEEP	BEARISH	01/17/25	$21.05	$20.95	$21.0	$255.00	$369.6K	6.5K	837
TSLA	PUT	SWEEP	BULLISH	11/01/24	$29.15	$29.05	$29.05	$287.50	$261.7K	670	196
TSLA	CALL	SWEEP	BEARISH	11/01/24	$4.9	$4.85	$4.85	$260.00	$239.5K	10.6K	84.3K
TSLA	CALL	SWEEP	BULLISH	11/01/24	$4.3	$4.25	$4.3	$260.00	$200.6K	10.6K	78.5K

About Tesla, Inc.

Tesla is a leading manufacturer of battery electric vehicles (EVs) and a developer of autonomous driving software. Their product lineup includes various vehicle types, such as luxury and midsize sedans, crossover SUVs, light trucks, and semi-trucks. The company is also looking to introduce more affordable vehicles, sports cars, and robotaxis. In 2023, Tesla delivered over 1.8 million vehicles globally. Additionally, Tesla sells batteries for stationary storage solutions for homes and businesses, including utilities and solar energy generation products.

Current Market Status of TSLA

• Currently, TSLA has a trading volume of 59,716,884 and has decreased by -1.53%, reaching a price of $258.48.
• The current Relative Strength Index (RSI) suggests the stock may be nearing an overbought condition.
• The next earnings report for Tesla is set to be released in 85 days.

Analyst Perspectives on Tesla

Recently, five industry analysts provided their opinions on the stock, resulting in an average target price of $143.972.

Investor Insights: Monitoring Unusual Options Activity

It's important to keep an eye on unusual options activities as they can indicate potential market movers before they become apparent. Positions taken by larger investors might offer insights into future movements of stocks such as Tesla. Awareness of these trends can aid investors in making informed decisions.

For those interested in staying updated on Tesla's options trades, real-time alerts are available through various financial platforms.

Tesla, Options, Investors