Tesla Unusual Options Activity For July 12
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Tesla (NASDAQ:TSLA), with a bearish stance being taken by a majority of investors. Of the 70 strange trades detected, 57% were bearish and 42% were bullish. The total amount for puts was $3,055,481 and for calls was $2,565,987. Whales have been targeting a price range from $205.0 to $450.0 for Tesla over the last 3 months. The price of TSLA is currently up 1.85% at $274.77.
July 12, 2023 | 1:52 pm
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Unusual options activity has been detected for Tesla, with a bearish stance being taken by a majority of investors. This could potentially impact the stock price in the short term.
The bearish stance taken by a majority of investors in the unusual options activity for Tesla indicates a potential decrease in the stock price in the short term. This is due to the fact that a bearish stance generally indicates a belief that the stock price will decrease.
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IMPORTANCE 80
RELEVANCE 100