2025-04-01
Tesla's Options Frenzy: What You Need to Know
Deep-pocketed investors have adopted a bearish approach towards Tesla (NASDAQ: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 576 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 43% bearish. Among these notable options, 181 are puts, totaling $11,215,866, and 395 are calls, amounting to $28,983,249.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 $5.0 to $340.0 for Tesla over the last 3 months. Volume & Open Interest DevelopmentIn today's trading context, the average open interest for options of Tesla stands at 5774.41, with a total volume reaching 4,290,680.00. The accompanying chart delineates the progression of both call and put option volume and open interest ...Full story available on Benzinga.com