Tesla Options Action - Bullish Signals after rampage (Patreon)

The recent surge in options trading activity is a sign that investors are bullish on Tesla's stock. This could be due to a number of factors, including Tesla's strong earnings growth, its plans to expand into new markets, and its focus on developing self-driving technology. The market is waking up to what this company is. About time but so grateful for the buying oppty we had. 

Tesla up 150% in ≈150 days 

Tesla options trading reaches one of the highest levels of the year as investors bet on a rally.

Cboe Global Markets data shows that options traders are buying call options on Tesla stock at a rapid pace. Call options give the holder the right to buy a stock at a certain price on or before a certain date. If Tesla's stock price rises to $260 or $270, the value of these call options will increase significantly.

Tesla's stock currently trades at a bit above $250. On Tuesday, options tied to Tesla rising to $260 and $270 were some of the most actively-traded options. This suggests that many investors believe that Tesla's stock price is likely to rise in the near future. 

Even big money on a $300 price by end of July 2023.