Unusual Options Activity in Tesla Stock Shows a Large Investor Taking a Position

Two large tranches of Tesla (TSLA) stock options were traded on May 30: one a near-term in-the-money put position and the other a long-term way out-of-the-money call option. This unusual stock options activity is likely from a large investor.

The Unusual Stock Options Activity Report from Barchart on May 30 showed that there were 13,039 put options traded at the $202.50 strike price for expiration on June 2, this Friday. The second tranche was for 13,064 call options traded at the $310 strike price for expiration on Oct. 20, 2023, 142 days from now.