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Tesla Bulls Load Up on $300 Call Options, Signaling Optimism Rally May Last
$Tesla (TSLA.US)$ bulls are loading up on call options that give the holders the right to buy the stock at $300 in two days as the share price climbed to the highest in more than a year.
The stock jumped as much as 15.2% to $289.59, the highest since mid-July 2023, pushing the $300 calls closer to being in the money. The share price climbed amid optimism that Donald Trump's victory in yesterday's presidential race could benefit the electric vehicle after its Chief Executive Elon Musk supported his candidacy.
The former president who is expected to return to the White House in January cited Musk's efforts campaigning for him in parts of Pennsylvania in his victory speech in West Palm Beach, Florida. Trump referred to the billionaire as a "special guy" and a "super genuis" in his victory speech in West Palm Beach, Florida. "We have to protect our geniuses," he said.
Trump's victory would have "the biggest positive" effect for Tesla and Musk, Bloomberg quoted Wedbush Securities analyst Dan Ives as saying. The company would have a competitive advantage over its competitors should the next administration cut tax incentives for EVs, the report quoted Ives' note to clients.
More than 129,000 of those $300 calls changed hands as of 1:46 p.m., almost quadruple the open interest. The volume for that contract expiring on Friday jumped 350% from a day earlier, making them the most active of all options tied to Tesla.
More than 2.69 million put and call options across 20 expiration dates stretching through Jan. 15, 2027, were traded so far, landing Tesla at the top spot for the most active stock option. Closely behind it is $NVIDIA (NVDA.US)$, with 2.68 million options.
Share your thoughts on Tesla in the comments section. Do you expect the rally to continue through the rest of the year, or is the stock nearing its peak? Express your views by voting 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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Chak : Ofcourse ! The bustard Musk is benefiting by supporting Trump and has certainly been crying and advocating for high tariffs on foreign-made electric vehicles, ostensibly to support Tesla manufacturing, which could indeed have the side effect of shielding Tesla from direct competition from Chinese EV makers in the U.S. Tesla’s dominance in the U.S. market benefits not only from its early start and brand recognition but also from a regulatory environment that can sometimes serve as a barrier to entry for other automakers. Meanwhile, as noted, Chinese EV makers have made impressive strides in innovation, features, and cost-effectiveness, often outpacing Tesla in Asian markets.
These Chinese companies have released robotaxis and models with advanced tech and competitive pricing, posing a real challenge to Tesla if they were to enter the U.S. market without restrictive tariffs. Just look at some of the YouTube videos of gonghzhu China and Senhzen China, the streets, the mall, the cars indeed China is the most advanced country.
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Laine Ford : all good
leeloohui : Because I also bought a lot.
72417105 : cash deposit payments in bank or in person ( perth)
Tinkering : sounds like a plan to me