Tesla Tsla Calls More Active Than Puts As Share Price Climbs Above 340

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Tesla (TSLA) calls more active than puts, 1.7 calls to 1 put as share price above $340
Tesla (TSLA) calls more active than puts, 1.7 calls to 1 put as share price above $340 from

Tesla (TSLA): Calls More Active Than Puts as Share Price Climbs Above $340

Tesla (TSLA) Options Trading Activity: A Deeper Dive

Call options, which give the holder the right to buy a stock at a specific price, are currently dominating the options market for Tesla (TSLA) compared to put options, which give the holder the right to sell a stock at a specific price. This indicates that traders are anticipating a climb in Tesla's share price.

According to data from Market Chameleon, the ratio of call options to put options for Tesla is approximately 1.7 to 1, meaning that for every put option traded, there are 1.7 call options traded. This ratio is significantly higher than the average ratio of 1.2 to 1 for all stocks traded on the Cboe Options Exchange, showing a greater bullish sentiment towards Tesla among options traders.

This bullish sentiment is further supported by the fact that Tesla's share price has risen above $340, a key resistance level that has previously acted as a barrier to further price increases. The stock's ability to break through this level suggests that traders are confident in Tesla's long-term prospects.

Key Takeaways

  • Call options are more active than puts for Tesla, indicating bullish sentiment among options traders.
  • The call-to-put ratio is 1.7 to 1, significantly higher than the average ratio of 1.2 to 1 for all stocks.
  • Tesla's share price has climbed above $340, breaking through a key resistance level.

    • Conclusion

    The strong demand for call options and the突破above $340 indicate that options traders are optimistic about Tesla's future performance. This bullish sentiment suggests that Tesla's stock price is likely to continue rising in the near term.