Unusual Option Talks? Tesla can rise, again
$Tesla Motors(TSLA)$ has been heading north since breaking out of the "200 tug-of-war (where a $30 range was considered a tug-of-war)" last week. The sentiment of continuous gains is strong, fueled by the overall market atmosphere.
On the news front, the highly anticipated Cybertruck is expected to launch on 11/30. Musk has been heavily promoting it, and you can easily come across the poster if you browse X.com for a while.
However, it is said that the pre-sales are extremely hot, and it may become the next explosive point for TSLA.
In terms of stock price, Tesla's trading activity is intense and volatile. Looking at the recent unusual options activity, the large orders previously accumulated around $230-245 have mostly disappeared, indicating that this range is not the preferred choice for long positions, speculative trading, or hedging.
Based on the data from November 15th
the open interest of CALL options expiring within 20 days is mainly concentrated in the $255-275 range, and even the open interest ratio for $290 is relatively high, proving that investors still have a positive outlook for further short-term upward movement (although it may not be as strong as before due to potential pullback pressure).
On the PUT side, PUT options expiring in 1-2 weeks are mainly concentrated above $230, indicating relatively good sentiment as well.
In the short term, the center line may imply that the stock price will settle above $255 in 1-2 weeks, which is a balanced position for both bulls and bears.
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