This Is What Whales Are Betting On Tesla
Portfolio Pulse from Benzinga Insights
A large bearish position on Tesla (NASDAQ:TSLA) has been spotted on Benzinga's options scanner, with 95 uncommon options trades identified. The sentiment of these big-money traders is split between 41% bullish and 58% bearish. Whales have been targeting a price range from $145.0 to $610.0 for Tesla over the last 3 months.
June 02, 2023 | 3:01 pm
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A large bearish position has been identified on Tesla, with 58% of big-money traders being bearish. Whales have targeted a price range from $145.0 to $610.0 for Tesla over the last 3 months.
The large bearish position on Tesla indicates that big-money traders expect the stock price to decline in the short term. The 58% bearish sentiment among these traders suggests a higher probability of a downward price movement. Additionally, the targeted price range of $145.0 to $610.0 over the last 3 months shows that there is significant uncertainty in the stock's future performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100