Tesla Option Holders Abandon $185 Calls Before They Expire in Two Days

$Tesla(TSLA.US)$ call option holders are abandoning their call options that could pay off should the share price of the electric vehicle maker climb above $185 before the end of this week.

About 723,780 Tesla call options traded so far, as holders exit or cut their positions, sending prices of the contracts lower. That's almost double the volume on the stock's put options. The total reached 1.1 million contracts, landing Tesla at the top of the stocks with the highest options volume. The company typically alternates with $NVIDIA(NVDA.US)$ in occupying that spot, except earlier in the week when $AMC Entertainment(AMC.US)$ leaped ahead of the two amid a meme frenzy.

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