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Benzinga
Benzinga
Business
Priya Nigam

Options Traders Expect Tesla To Zoom Ahead

Shares of Tesla Inc (NASDAQ:TSLA) spiked on Tuesday after the company announced layoffs amid supply chain bottlenecks.

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Tesla traded more than 1.25 million contracts on Tuesday, making it the busiest single-stock options for the day. Bullish bets outpaced bearish ones, he added.

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