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.
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