How Large Tesla Option Traders Are Playing The September Sell-Off

Tesla Inc (NASDAQ: TSLA) rebounded by 11% on Wednesday after logging its worst day in history on Tuesday. Tesla shares are now down 27% in September, and option market activity on Wednesday suggests some deep-pocketed traders are taking notice.The Tesla Trades: On Wednesday morning, Benzinga Pro subscribers received 13 alerts related to unusually large Tesla option trades. Here are the largest: * At 9:30 a.m. ET, a trader sold 308 Tesla call options with a $300 strike price expiring on Friday. The contracts were sold near the bid price at $57.717 and represented a $1.77 million bearish bet. …read more

Source:: Yahoo Finance

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