Tesla Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Tesla (NASDAQ:TSLA) has been observed through unusual options activity. Benzinga's options scanner spotted 132 uncommon options trades for Tesla, with a split sentiment of 46% bullish and 53% bearish. The whales have been targeting a price range from $160.0 to $305.0 for Tesla over the last 3 months. RBC Capital and Morgan Stanley have downgraded their actions on Tesla, while Wells Fargo maintains their Equal-Weight rating.
October 10, 2023 | 1:46 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Tesla. Analysts have downgraded their actions on the company.
The unusual options activity, with a majority bearish sentiment, indicates that investors are expecting Tesla's stock price to decrease. This is further supported by the downgrades from RBC Capital and Morgan Stanley.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100