Spotlight on Tesla: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Tesla (NASDAQ:TSLA) has seen a surge in options activity, with significant bearish sentiment from deep-pocketed investors. Benzinga's options scanner highlighted 142 extraordinary options activities, with 45% of investors leaning bearish. The options activity suggests a price range of $120 to $400 for Tesla over the last 3 months. Tesla's stock is currently down 1.29% at $215.16, with RSI indicators hinting it may be oversold.
October 23, 2024 | 3:30 pm
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Tesla's options activity has surged, with a notable bearish sentiment among major investors. This suggests potential volatility in Tesla's stock price, with a targeted range of $120 to $400. The stock is currently down 1.29% at $215.16.
The significant increase in options activity, particularly with a bearish sentiment, indicates that investors expect potential downside or volatility in Tesla's stock. The current stock price decline and oversold RSI indicators further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100