Looking At Tesla's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Tesla (NASDAQ:TSLA) has been observed in recent unusual options activity. Benzinga's options scanner spotted 165 uncommon options trades for Tesla, with a split sentiment of 44% bullish and 55% bearish. Whales have been targeting a price range from $200.0 to $390.0 for Tesla over the last 3 months. The price of TSLA is currently down -0.1% at $279.55.
July 05, 2023 | 3:33 pm
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NEGATIVE IMPACT
Unusual options activity with a bearish sentiment has been observed for Tesla. Whales have been targeting a price range from $200.0 to $390.0 for Tesla over the last 3 months.
The bearish sentiment observed in the unusual options activity indicates that investors are expecting the price of Tesla to decrease. This could potentially lead to a short-term decrease in Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100