Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Nvidia's 2024 AGM highlights: Pay packages and new AI market strategies
Views 5.4M Contents 2362

Tesla's $150 Calls Sell Like Hotcakes as Stock Soars After Deliveries Beat

avatar
Luzi Ann Santos joined discussion · Jun 14 14:18
Investors and traders are piling on $Tesla(TSLA.US)$call options that give the holder the right to buy the stock at $150 by the end of next week after the electric vehicle maker's second quarter deliveries beat analysts' estimates.
More than 45,000 of such calls traded hands as of 12:22 p.m. in New York Tuesday, almost 10 times its open interest. That makes the $150 calls the most active contract expiring next week. Trading across Tesla options reached 2.97 million so far, the biggest of all stock options.
Source: moomoo PC app
Source: moomoo PC app
Shares climbed 9% to $228.80 after the EV maker reported that its second quarter deliveries fell to 443,956 vehicles, from 466,140 a year earlier. Analysts on average expected the figure to slump to 439,302, according to a Bloomberg survey.
The better-than-expected deliveries fueled the rally for the stock that has been lagging behind its Magnificent Seven peers. Even after Tuesday morning's jump, Tesla is still down more than 8% this year. By comparison, $NVIDIA(NVDA.US)$ skyrocketed 146%; $Meta Platforms(META.US)$ soared 43%; $Alphabet-A(GOOGL.US)$ climbed 31%, $Amazon(AMZN.US)$ jumped 30%, $Microsoft(MSFT.US)$ advanced 21%, while $Apple(AAPL.US)$gained 14% in that same period.
Tesla's $150 Calls Sell Like Hotcakes as Stock Soars After Deliveries Beat
As expected, the $130 Tesla call options maturing this Friday attracted the heaviest volume across 19 expiration dates as the share price jumped near that strike price. The surge in demand is likely partly driven by those jumping on the rally, sellers who wrote the call options and are now buying them back and those who are rolling the contracts either to a higher strike price or a later expiration.
Tesla's $150 Calls Sell Like Hotcakes as Stock Soars After Deliveries Beat
As of 12:14 p.m., inflows into Tesla outpaced outflows by $392 million. That sets the stock on course for its first monthly net inflow since December 2023, when traders and investors poured about $144 million into Tesla, on a net basis.
It's unclear how long the party can get going. Twelve of the 15 technical indicators tracked by moomoo are showing early warning signal that the stock could be overbought, and the trend may turn bearish. Two others were neutral and the only one that's positive - the moving average - is showing a potential bullish sign.
Share your thoughts on Tesla below.
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.

Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy. All company analysis information is provided by third parties and not by Moomoo Financial Inc. Any illustrations, scenarios, or specific securities referenced herein are strictly for informational purposes and is not a recommendation. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
6
56
1
1
+0
6
Translate
Report
240K Views
Comment
Sign in to post a comment