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Tesla (TSLA) stock has had a huge volume of deep-in-the-money (ITM) call options traded today. This is ahead of its Q3 earnings due out after the market closes. The ITM trade suggests bullish investors.
In early trading on Wed., Oct. 18, TSLA stock was trading at $248.12. However, the Barchart Unusual Stock Options Activity Report today indicates that over 15,000 call options have traded in the $190.00 strike price calls expiring on Nov. 17. This is over 28 times the existing number of contracts already outstanding as seen in the Vol/OI column in the table below.