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Advanced Micro Devices
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Palantir
-- 65.910 
Tesla Attracts Millions of Dollars in Unusual Option Trades as Shares Rise
$Tesla (TSLA.US)$ attracted millions of dollars in unusual option trades as the stock rose near this year's high after analysts upgraded their outlook on the stock.
The biggest among the unusual option activities so far Monday involved an active buyer paying a $2.5 million premium to purchase put options that give the holder the right to sell 400,000 Tesla shares at $330 by Dec. 20. That bearish transaction was part of a multi-leg trade posted at 9:56:23 a.m. that may have included a bearish slant and a neutral one.
Shares advanced as much as 4% to $358.78, before paring gains to $355.90 at 12:11 p.m. Monday. The stock is less than $5 below this year's high of $361.93 reached last week.
Roth MKM analyst Craig Irwin turned bullish on Tesla, upgrading his rating on the stock to buy from hold, while raising his price target to $380, from $85, noting that its chief executive Elon Musk's support for President-elect Donald Trump "likely doubled Tesla's pool of enthusiasts," according to a Bloomberg report.
He also cited the indirect benefit to Tesla from the Trump team's plans to end the $7,500 tax credit for electric vehicles that could prompt traditional automakers to continue their retreat from the EV market, according to the report.
At the same time, Stifel analyst Stephen Gengaro raised his price target on Tesla to $411, from $287, citing the "significant value creation potential" from the company's full-self driving capabilities powered by artificial intelligence, and its Cybercab, Bloomberg reported.
The chart below shows the rest of the multi-leg trades posted under Tesla's unusual activities, including those that had a combination of bullish, bearish and neutral slants.
Share your thoughts on Tesla in the comments section and vote below.
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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Coach Donnie : Bullish let’s GOOO
Coach Donnie : As long as Elon keeps learning from Jensen Huang of NVDA then TSLA will be fine otherwise selling haha
Superdaddy521 : The price is too high
Alen Kok : Oh.
Adrianlim90 : 1
GODGIVENFOOL139 : Roll Tide
54088 FROM RWS : 3299