A Closer Look at Tesla's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
A significant bearish sentiment has been observed in Tesla's (NASDAQ:TSLA) options market, as detected by Benzinga's options scanner. The scanner revealed 31 unusual options trades, with a sentiment split of 41% bullish and 58% bearish. The trades focus on a price band between $170.0 and $300.0 for Tesla. Notable options activity includes both bullish and bearish positions, with a total trade price for puts at $672,462 and calls at $993,520. Tesla's current market performance shows a 2.14% increase in stock price at $181.48, with an RSI indicating a neutral position. The next earnings report is expected in 21 days.
March 27, 2024 | 1:46 pm
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NEUTRAL IMPACT
Tesla has seen significant options trading activity indicating a bearish sentiment among investors, with a focus on a price band between $170.0 and $300.0. The stock is currently up 2.14% at $181.48, with a neutral RSI and earnings expected in 21 days.
The bearish sentiment in the options market could indicate investor caution or speculation on future price movements. However, the current stock price increase and neutral RSI suggest a balanced market view. The upcoming earnings report could be a significant factor for short-term price movements, making the situation complex and the short-term impact neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100