Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Tesla Shares Have More Downside Left: Michael Khouw

Tesla Inc’s (NASDAQ: TSLA) 3-for-1 stock split kicked in on Thursday. Shares have lost more than 10% since the company announced the split in March.
byPriya Nigam
August 26, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0

Tesla Inc’s (NASDAQ:TSLA) 3-for-1 stock split kicked in on Thursday. Shares have lost more than 10% since the company announced the split in March.

On CNBC’s “Options Action,” Michael Khouw of Optimize Advisors said that Tesla was the most active single stock option on Thursday. If you had one call contract, now you have three, he said. 

Check out other stocks making moves in the premarket.

There were buyers of 2,928 of the October weekly 220-puts at an average price of $4.80 per contract, Khouw mentioned. Traders bet $1.4 million that Tesla’s stock will lose at least 27% by October expiration, he added.

TSLA Price Action: Shares of Tesla declined by 0.35% to settle at $296.07 on Thursday.

Photo courtesy of Tesla. 

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

$35 Million Bet On This Penny Stock? Check Out These 3 Stocks Under $4 Insiders Are Buying

By Lisa Levin
September 21, 8:27 AM
The Dow Jones dropped by more than 300 points on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

ADV