Tesla closed at $378.03, down 1.22%.
Large options trades in Tesla were dominated by a single bearish block. The standout flow was a sizable out-of-the-money put purchase targeting the $305 strike expiring in October 2026. With Tesla referenced at $378.03, this long put position reflects downside speculation or portfolio protection rather than a modest pullback. No offsetting bullish block trades were observed.
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Options Indicators
Tesla’s implied volatility is 45.66%, and with an IV percentile of 17.13%, current option volatility sits on the low side of its recent range, indicating options are cheaply priced rather than elevated. At the same time, the IV/HV ratio of 1.55 shows implied volatility is still running above realized volatility, meaning the options market is pricing in more movement ahead than the stock has recently delivered. The Call/Put volume ratio is 1.40.
Large Trades
A put buy worth $35,800 targeted the 305.00 strike expiring on 2026-10-16, with 3,584 contracts traded. With Tesla referenced at $378.03, this put was out of the money, making it a relatively low-cost bearish position that would benefit from a substantial downside move over time. Strategically, this kind of single-leg put purchase points to downside speculation or portfolio protection, and the out-of-the-money strike suggests the buyer was seeking leveraged bearish exposure rather than positioning for a modest pullback.
Overall, the large-trade flow in Tesla skewed clearly bearish. The only notable block was an out-of-the-money long put, which signals demand for downside exposure and suggests at least one sizable participant is preparing for weakness or hedging against a meaningful decline. With no offsetting bullish large-trade activity in the bulk orders, the options flow points to cautious-to-negative sentiment around Tesla.
Strategy Reference
For a seller seeking low assignment probability, a short put at the $300 strike expiring within 30 days would place the strike well below current price and recent support, offering a wide cushion while capitalizing on the cheap premium environment.