Whale Activity Surrounding Tesla (NASDAQ:TSLA) Signals Market Movements Ahead

In recent market developments, large investors, often referred to as "whales," have taken a notably bearish stance towards Tesla (TSLA). This shift is significant and should not be overlooked by market participants. Recent analysis of public options at Benzinga reveals this trend, indicating that a major move involving TSLA could be on the horizon.

Today, Benzinga's options scanner tracked an impressive 495 unique options trades related to Tesla. Such an uptick in activity is not commonplace, highlighting how investor sentiment is actively shaping the market.

The sentiment among these large-scale investors appears mixed; 39% of the bets suggest optimism while 48% are clearly pessimistic. Specifically, 224 put options were observed, amounting to over $13.7 million, contrasted with 271 call options that summed up to approximately $20.8 million.

Price Targets for Tesla Stocks

Considering the data on trading volume and open interest for Tesla options, it's evident that the targeted price range by these investors spans from $150.00 to $520.00 over the past three months.

Overview of Options Volume & Open Interest

Currently, the average open interest in options for Tesla stands at around 7621.59, having achieved a total trading volume of approximately 10,126,201.00. The following chart illustrates the changes in volume and open interest for both call and put options concerning significant trades within that established strike price range over the preceding 30 days.

Snapshot of Tesla's 30-Day Option Activity

Observation of Major Options Trades

Symbol	PUT/CALL	Trade Type	Sentiment	Expiration Date	Ask	Bid	Price	Strike Price	Total Trade Value	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

Tesla Overview

Tesla is a vertically integrated manufacturer of electric vehicles and develops autonomous driving technologies. The company's range includes luxury sedans, SUVs, light trucks, and even semi-trucks. Tesla also plans to introduce more affordable vehicles, a sports car, and a robotaxi. In 2023, Tesla achieved over 1.8 million vehicle deliveries globally, in addition to providing battery systems for both residential and commercial energy storage, as well as selling solar panels and roofs. The company maintains a fast-charging network to support its electric vehicle customers.

Given Tesla's recent options trading activity, it's essential to consider its current market status.

Tesla's Current Market Position

• Today, Tesla's trading volume reached 59,716,884, with stock prices falling by 1.53%, to $258.48.
• Relative Strength Index (RSI) data suggests that the stock may be nearing an overbought condition.
• The next earnings announcement is expected in 85 days.

Insights from Professional Analysts on Tesla

In the last month, five industry analysts have given their forecasts for Tesla, indicating an average price target of $143.97.

Recent Analyst Recommendations:

Several analysts have recently revised their ratings for Tesla. An analyst from Cantor Fitzgerald has changed their rating to Neutral with a price target of $245. Meanwhile, an analyst from Bernstein lowered its rating to Underperform, setting a target of $120. GLJ Research also downgraded its outlook to Sell, forecasting a price of $24. Lastly, Roth MKM has changed its recommendation to Neutral with a price target of $85.

Options trading can involve higher risks compared to standard stock trading but also comes with greater potential rewards. Serious options traders often mitigate risks through continuous learning, strategically entering and exiting trades, and by analyzing multiple market indicators.

For those eager to stay updated about Tesla options activities, real-time alerts are crucial in recognizing significant trade movements.

Tesla, Options, Investing