Tesla Unusual Options Activity For January 19
Portfolio Pulse from Benzinga Insights
Analysis of Tesla's (NASDAQ:TSLA) options activity reveals a bearish sentiment among financial giants, with 65% of trades showing bearish tendencies. The trades consist of 58 puts worth $4.17 million and 50 calls worth $3.06 million. The predicted price range for Tesla is between $175.0 and $280.0. Notable options activity includes various put trades with different sentiments and expiration dates. Tesla's current trading volume is 29,526,137, with a slight price drop of -0.95% to $209.88, and an earnings announcement is expected in 5 days.
January 19, 2024 | 3:46 pm
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Tesla's stock may face short-term pressure due to bearish options activity, with a higher volume of puts than calls. The anticipated price range suggests potential volatility. An earnings announcement in 5 days could further influence the stock's direction.
The bearish sentiment in options trading, especially with a higher value in puts, typically indicates that investors are expecting a price decline. The upcoming earnings announcement adds to the uncertainty and potential volatility, which could negatively impact the stock price in the short term.
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