The TSLA option flow shown reflects two sizable call sweeps targeting the $700 strike with a 12/17/2027 expiration, giving these contracts almost 2 years until maturity. The trade represents a clear long-dated, high-conviction bet. The top trade shows the full session volume of 538 contracts, compared against an open interest of 12,731. The figures result in a V/OI ratio of about 0.04, meaning the trades are notable in size but not large enough to significantly alter existing open interest.
Both sweeps carried a premium of roughly $1.5M each, indicating institutional-level buying, with executions occurring at or above the ask. This signals a sign of urgency and aggressive accumulation. With contract prices in the $92–$93 range and TSLA trading near $450, these deep out-of-the-money LEAPS represent a substantial long-term stance. Overall, the flow suggests confident buyers positioning for a potential major move in Tesla over the next couple of years.
Volume and Open Interest Data
The volume and open interest data for the TSLA 700C 12/17/2027 shows steady participation within an already heavily populated contract rather than a sudden surge of new positioning. On 12/12/25, the contract traded 538 contracts while maintaining a high open interest of 12,731. This resulted in a relatively low V/OI ratio of about 0.04, which suggests the activity is incremental compared to the existing base.
However, open interest increased by +369 contracts on the same day, indicating that a meaningful portion of the volume likely represented new long exposure being added. The option price climbed to roughly $92.35 alongside elevated implied volatility near 57%, reinforcing convictional sentiment. Overall, the data points to continued accumulation and positioning within a popular long-dated TSLA call. The steady accumulation reflects conviction in Tesla’s long-term volatility rather than speculative, short-term trading.
Trade Side Distribution
The trade side distribution for the TSLA 700C 12/17/2027 shows a balanced execution profile. Roughly 34% of the premium ($1.5M) was executed above the ask, signaling aggressive buyers willing to pay up. Meanwhile, 33% ($1.5M) traded at the ask, and another 33% ($1.5M) hit the bid. With no trades occurring at the mid or below, the activity reflects two-sided participation rather than one-sided urgency.
This distribution suggests that while there is clear interest in long-dated exposure, the positioning appears to be more measured and liquidity-driven. This mix of order flow possibly involves both new positions and profit-taking or hedging from existing holders, rather than outright aggressive accumulation.
What’s Happening with TSLA
Tesla’s recent news has focused on weakening electric vehicle demand, aggressive year-end sales incentives, and a growing investor debate over its shift toward AI, autonomy, and robotics. U.S. sales in November fell to their lowest level in nearly four years despite cheaper models, prompting Tesla to roll out unusually strong incentives such as 0% financing, low- or no‑down leases, and free upgrades to clear excess inventory before year-end.
At the same time, Wall Street sentiment has turned more cautious. Morgan Stanley and other firms have downgraded the stock on EV concerns even as Tesla’s share price remains up double digits. Throughout the year, the stock has traded at a high valuation on expectations for Robotaxi services, Full Self‑Driving, and the Optimus humanoid robot.
About TSLA
Tesla, Inc. is an American multinational company headquartered in Austin, Texas, specializing in electric vehicles, battery energy storage solutions, and solar energy products. Founded in 2003, Tesla designs, manufactures, and sells battery electric vehicles ranging from sedans and SUVs to trucks. They also manufacture stationary battery systems for homes and businesses, and solar panels and solar roof tiles.
The company is recognized as a pioneer in the electric vehicle market. They are known for their focus on innovation, sustainability, and advanced technologies like autopilot and full self-driving features. In addition to automotive products, Tesla is expanding its energy division with large-scale battery storage systems known as Megapacks, aiming to accelerate the global transition to renewable energy.
Analyst Ratings
| Analyst Firm | Last Updated | Rating / Score |
|---|---|---|
| CFRA | 12/02/2025 | ★★ (2 stars) |
| Market Edge | 09/18/2025 | Neutral from Avoid |
| Argus | 10/28/2025 | Hold |
| Morningstar | 11/07/2025 | ★★ (2 stars) |
| LSEG | 12/02/2025 | Underperform / Hold Mix |
| Schwab Equity Ratings | 12/03/2025 | D (Letter Grade) |
The analyst ratings for TSLA are mixed, leaning slightly cautious. Both CFRA and Morningstar assign TSLA a two-star rating, indicating below-average conviction. Market Edge has moved from Avoid to Neutral, while Argus maintains a Hold stance.
LSEG also leans conservative with an Underperform/Hold rating. Schwab’s D grade further reflects a bearish or cautious outlook. Overall, the consensus appears hesitant, with no strong bullish signals from major analysts despite recent market activity and heavy call-side options flow.
Want to see more of these trades? Try out Cheddar Flow free for 7 days. Learn More
Disclaimer: Options trading involves significant risk and is not suitable for all investors. You may lose the entire investment, and certain strategies may result in losses exceeding the initial amount invested. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice. Always consult a financial or tax advisor before making investment decisions.
