On May 8, 2025, we saw notable options activity in Tesla (TSLA) June 6, 2025, $300 strike call options. The trades were executed as sweeps, suggesting urgency and a desire to fill orders quickly across multiple exchanges. The total volume for this contract reached 22,700 contracts, which is exceptionally high compared to the open interest of just 2,008 contracts – a V/OI ratio of over 11. This indicates a large influx of new positions rather than closing or rolling existing ones.
The combined premium paid across the highlighted trades is approximately $24.4 million, reflecting a strong bullish sentiment or a significant speculative bet on TSLA moving higher within the next 29 days. The spot prices at the time of the trades ranged from about $283 to $285, making these calls slightly out-of-the-money.
Such a high volume relative to open interest, coupled with large premium outlays and sweep order types, suggests that institutional or large traders are aggressively positioning for a potential upward move in TSLA before June 6, 2025. This surge in call buying could be a signal to watch for increased volatility or a directional move in the underlying stock in the coming weeks.
