Tesla Unusual Options Activity
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 spotted trades, 56% were bearish and 43% bullish. The targeted price range for Tesla over the last 3 months has been between $227.5 and $275.0. Several financial institutions have downgraded their ratings on Tesla, with price targets ranging from $250 to $330.
August 10, 2023 | 1:46 pm
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Tesla has seen unusual options activity with a majority bearish stance. The targeted price range is between $227.5 and $275.0. Several financial institutions have downgraded their ratings on Tesla, with price targets ranging from $250 to $330.
The bearish stance taken by a majority of investors in the options market, coupled with the downgrades from several financial institutions, could potentially have a negative impact on Tesla's stock price in the short term.
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