Tesla Calls Active As Shares Hit Highest Since November 6th
TSLA ? Tesla Motors Corp ? Options on Tesla are among the most active on a single stock this morning amid strong gains in the price of the underlying shares after the company said the National Highway Traffic Safety Administration (NHTSA) reaffirmed its 5-star rating for crashworthiness for Tesla?s Model S sedan. Shares in TSLA increased nearly 8.0% to $154.99, the highest level since November 6th, during the first thirty minutes of the holiday-shortened trading session.
Overall options volume is roughly 50% of the stock?s average daily volume as of the time of this writing, with roughly 77,000 contracts in play versus an average daily reading of around 151,000 contracts. Trading in TSLA calls is outpacing that of puts this morning, with the call/put ratio hovering just below 2.5 as of 10:45 a.m. EST. Shares are currently off their highest level of the morning, with the stock trading up 6.5% on the day at $152.80.
—————————————————————————————–
Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither Interactive Brokers LLC nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither IB nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.