Tesla Unusual Options Activity For December 02 - Tesla (NASDAQ:TSLA)

Core Insights - Investors with significant capital have adopted a bearish outlook on Tesla (NASDAQ:TSLA) as indicated by recent options trading activity [1][2] - The overall sentiment among large traders is mixed, with 38% bullish and 46% bearish positions observed [3] Options Trading Activity - A total of 909 uncommon options trades for Tesla were identified, with 267 puts amounting to $16,230,589 and 642 calls totaling $40,347,666 [2][3] - The trading volume and open interest suggest that large investors are targeting a price range for Tesla between $5.0 and $940.0 over the past three months [4][5] Recent Options Overview - The 30-day overview of Tesla's options trading shows significant activity, with notable trades including bearish puts and calls [6][9] - Key trades include a put option with a strike price of $435.00, totaling $301.4K, and a call option with a strike price of $360.00, totaling $176.4K [9] Company Performance and Analyst Ratings - Tesla is a vertically integrated electric vehicle manufacturer with a projected global delivery of approximately 1.8 million vehicles in 2024 [10] - Analysts have set an average price target of $545.75 for Tesla, with varying ratings: a Buy rating from Stifel at $508, and an Outperform rating from Wedbush at $600 [11][12] - Current trading volume for TSLA is 36,886,459, with the stock price down by 1.46% to $423.85 [14]