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Tesla rebound? Options traders make big bets into earnings

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Tesla finds itself starting 2022 in reverse, with its shares declining more than 9% to begin the year.

Elon Musk‘s electric automaker is scheduled to report earnings after the bell on Wednesday, and options traders are betting those results could be just the thing to kick the stock into high gear.

“Right now, the options market is implying a move of more than 10% higher or lower by the end of the week. That’s larger than the 7%, or so, that it has averaged over the last eight quarters,” Michael Khouw, chief investment officer at Optimize Advisors, said Tuesday on CNBC’s “Fast Money.”

Like many stocks reporting in the midst of increased market volatility, Tesla’s implied post-earnings move…



Source cnbc.com

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