Tesla Inc. (TSLA) has experienced a notable surge in options trading activity, particularly in call options expiring in June and July 2025. Buyers have aggressively purchased June 6th $370 calls, with volumes exceeding 8,000 contracts and prices rising from $4.90 to over $6.20, indicating strong bullish sentiment. Additionally, a $1.47 million sweep for these calls was reported, alongside growing interest in $350 and $400 strike prices. Open interest for the June 6th $370 calls has increased by 23,600 contracts. In July options, there has been a purchase of 10,000 $320 calls, adjusting from May $280 calls that previously performed well. Tesla's stock price has broken out above the $300 level, which is now acting as support, and recently surged about 3% to reach the $330 range, matching targets set by traders. Implied volatility for Tesla options has surged to 30, reflecting heightened market activity. Some traders have taken profits by selling June and July calls as the stock approached their target prices. There is also activity in June 7th $370 calls rolling into May 30th $385 calls with over 7,500 contracts traded on the buy side at prices between $4.50 and $5.25. Overall, the options market activity suggests expectations of continued upward momentum in Tesla shares through mid-2025, supported by increased volume and bullish positioning ahead of upcoming catalysts.
Pretty insane few weeks and capped off today with this move in $TSLA was targeting 330+ into May OPEX that likely would see QQQ zoom into 500 (got to 515 even) lol Had several positions across accounts.. the smaller acct cashed in the June 27th call spreads and June/July call https://t.co/EoXCnm6iGk
$TSLA appears some of those June 7th $370 calls selling and actually rolling into May 30th $385 calls with over 7500x trading buy side for $4.50 to $5.25
$TSLA into surge sees some of those June 6th $370 calls selling to close at $10 to $9, will add to OI check, but nice move those calls doubled since last week...