Tesla Sees Options Pop on China Self-Driving News

Core Viewpoint - Tesla Inc's stock has risen by 15% to $193.45 following reports of a tentative approval for its Full Self-Driving (FSD) technology in China, which is expected to enhance the company's market position in the region [1] Group 1: Stock Performance - Tesla's stock is experiencing a significant increase, with a 15% rise to $193.45, attributed to the potential rollout of FSD technology in China [1] - Despite today's gains, Tesla's stock is still down 22.3% year-to-date in 2024, indicating a challenging start to the year [3] Group 2: Options Activity - There has been a notable increase in call options trading for Tesla, with 2.44 million bullish bets placed today, which is double the average intraday volume [1] - Over the last 10 days, Tesla has seen a total of 11,884,235 calls and 14,101,839 puts traded, indicating a high level of options activity [2][3] Group 3: Analyst Sentiment - Among the 30 analysts covering Tesla, only eight have a "buy" rating or better, suggesting potential for upgrades as the stock rebounds [5] Group 4: Volatility Metrics - Tesla's Schaeffer's Volatility Scorecard (SVS) is at 83 out of 100, indicating that the stock tends to outperform volatility expectations [6][7]