Tesla Options Traders Betting That Stock Will Surge Above $400 By September Expiration
Portfolio Pulse from Lisa Levin
Tesla shares traded lower after reporting Q2 results, despite beating Street estimates. However, options traders are betting on the stock rebounding above $400 by September. Tesla's Q2 revenue was $24.93 billion, up 47% YoY, beating a consensus estimate of $24.48 billion. The company also reported a profit of 91 cents per share, surpassing an estimate of 82 cents per share.
July 21, 2023 | 1:43 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tesla's Q2 results beat estimates, but shares traded lower. Options traders, however, are betting on a rebound above $400 by September.
Despite the initial drop in Tesla's share price following the Q2 results, the fact that options traders are betting on a rebound indicates a positive sentiment towards the stock. This, combined with the company's strong Q2 performance, suggests a potential short-term increase in Tesla's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100