Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Priya Nigam

Options Traders Expect Tesla To Zoom Ahead

Nasdaq Tesla Inc. Michael Khouw Supply chain

Shares of Tesla Inc (NASDAQ:TSLA) spiked on Tuesday after the company announced layoffs amid supply chain bottlenecks.

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Tesla traded more than 1.25 million contracts on Tuesday, making it the busiest single-stock options for the day. Bullish bets outpaced bearish ones, he added.

Check out other stocks making big moves in the premarket.

There was a buyer of 1,000 of the Weekly 775/780 call spreads at 80 cents per contract on average, Khouw mentioned. The trader sees shares of Tesla climbing at least 9% by the end of the week, he added.

TSLA Price Action: Shares of Tesla spiked 9.35% to settle at $711.11 on Tuesday.

Photo courtesy of Tesla. 

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Bella Hadid Stuns in Another Barely-There Dior Dress That Defies Gravity
So long, minimalist girl summer. Hello, nearly-naked fall!
Marie Claire
Marie Claire
Ninja Slushi review: Should you buy or skip it?
The Ninja Slushi is a fun appliance for turning liquids into slush quickly, quietly, and with minimal clean-up. But knowing the caveats, is it worth buying for $299, or should you skip it?
Tom’s Guide
Tom’s Guide
“My eyebrows are singed, my mouth is blistered, my arms are pretty bad”: Slipknot’s Sid Wilson is hospitalised with “serious burns” following farming accident
Slipknot DJ Sid Wilson reveals he has suffered burns to his face and arms after an explosion, assures fans that he’ll still play upcoming shows
Metal Hammer
Metal Hammer
Phil Donahue obituary
Unpretentious US talkshow host whose popularity was built on addressing women’s issues and involving the audience
The Guardian - UK
The Guardian - UK
Does eating ham, bacon and beef really increase your risk of developing type 2 diabetes?
That lunchtime staple, the humble ham sandwich, has come in for a bashing in the press recently. According to many reports, eating two slices of ham a day can increase your risk of developing type 2 diabetes.
The Conversation
The Conversation
Why Rotten Tomatoes’ ratings overhaul does no one any favours
The review aggregator website is giving increased prominence to ‘audience scores’, with critically panned dreck scooping up top grades. It’s the sign of something bigger and more troubling in our culture, writes Louis Chilton
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play