Tesla Options Trading Surges Ahead Of Wednesday Earnings Report
Portfolio Pulse from Lisa Levin
Tesla, Inc. (NASDAQ:TSLA) is set to release its latest quarterly earnings on Oct. 18, 2023. Ahead of this, Tesla's options trading volume surged 25% above its average. Options markets are implying a +/-6% move following the earnings release. Traders expect Tesla’s stock to trade below $229 by December. Analysts expect Tesla to post quarterly earnings at 74 cents per share on revenue of $24.16 billion.
October 16, 2023 | 12:15 pm
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Tesla's options trading volume has surged ahead of its earnings release, with a potential +/-6% move expected. Traders anticipate the stock to trade below $229 by December.
The surge in options trading volume indicates heightened investor interest and potential volatility around Tesla's earnings release. The expectation that the stock will trade below $229 by December suggests a bearish outlook among traders.
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