Tesla Motors, Inc. (TSLA) Beatdown Brings in Bears

Short-term traders are rushing Tesla Motors Inc (TSLA)

by

Published on Mar 2, 2015 at 12:16 PM
Updated on Apr 20, 2015 at 5:32 PM

Tesla Motors Inc (NASDAQ:TSLA) is getting hammered this afternoon -- down 2.8% at $197.62 -- bucking the broad-market trend higher. In the stock's options pits, puts outweigh calls by a healthy margin, and are running at a 57% premium to their typical intraday rate.

TSLA's weekly 3/6 series is garnering notable attention, with each of the automaker's 10 most active options expiring at this Friday's close. Bears are honing in on the weekly 3/6 200-, 195-, and 190-strike puts, as they roll the dice on continued downside through week's end.

Taking a step back, it's been a rough few months for TSLA. The shares have dropped roughly 11% in 2015, and have stair-stepped their way lower since topping out at $291.42 in early September.

As such, put buyers have been active at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) in recent months. Tesla Motors Inc's (NASDAQ:TSLA) 50-day put/call volume ratio of 1.05 outranks 82% of comparable readings from the previous year.

Daily Chart of TSLA since September 2014


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