Autos

Options traders bet on big post-earnings gains for Tesla

0


Options traders are making a ton of noise in Tesla‘s stock as the company gears up to report earnings after the bell Wednesday.

The electric vehicle manufacturer headed up by Elon Musk — who continues to make a lot of noise himself — has struggled so far this year, but the options market is betting that Tesla could be back in positive territory for 2022 by the end of this week.

“[Tesla] was the fourth-busiest [single stock option] in contract terms today and the busiest in notional terms. Right now, the options market is implying a move of about 6% by the end of the week,” Optimize Advisors CIO Michael Khouw said Tuesday on CNBC’s “Fast Money.”

Bullish traders were largely responsible…



Source cnbc.com

0 0 votes
Article Rating

U.S. Treasury sanctions Russian bitcoin miners

Previous article

Mortgage demand falls to nearly half of what it was a year ago

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos