This month’s bullish sentiment on TSLA continues with four large call sweeps totaling about $5.8 million in premium across multiple expirations. The most aggressive trade targets the January 16, 2026 $600 calls, split across two sweeps totaling 1,604 contracts and $3.4M in premium — a bold bet that TSLA could rise over 70% from current levels around $355 within 7.5 months.
Volume-to-open-interest ratios reveal fresh positioning, with the October 17, 2025 $400 calls showing the highest V/OI at 15%, indicating strong new interest. The June 20, 2025 $350 calls, expiring in three weeks, traded 877 contracts vs 22,212 OI (3.9% V/OI) with a $1.3M premium, hinting at expectations for a near-term move. All trades were ask-side or above sweeps, signaling urgent bullish sentiment across short, medium, and long-term horizons. The $600 strike highlights particularly high-conviction upside betting.
Volume and Open Interest Data
Over the past week, trading in the TSLA 600C 01/16/2026 LEAPS contract has shown steady yet noteworthy activity. From May 23rd to May 30th, 2025, volume showed a clear uptick, peaking at 4,345 contracts on May 29th and remaining elevated with 4,050 contracts on May 30th. Open interest steadily hovered around the 21,000 contract mark, indicating strong existing positions, with a modest increase of +331 contracts on May 30th, suggesting some new positioning rather than pure profit-taking or closing trades.
The contract price peaked mid-week at $22.29 but then declined to $19.44 by May 30th, indicating some short-term pullback or premium compression, despite continued buying interest. Implied volatility (IV) remained steady around 65%, hinting at stable expectations of future movement despite the drop in price. Overall, this activity signals continued bullish engagement, with institutional-style volume likely adding to long-term exposure, especially as the OI base remains intact and still slightly rising.
Trade Side Distribution
The trade side distribution for the TSLA 600C 01/16/2026 contract reveals a decisive bullish bias. 76% of the traded volume ($3.4 million) was executed at the ask, compared to just 24% ($1.1 million) at the bid. No trades occurred at mid, above, or below market levels.
This dominant ask-side activity strongly suggests that buyers are aggressively initiating long call positions, likely institutions or large funds aiming to secure exposure before potential price moves. The lack of selling at the bid reinforces this bullish sentiment, indicating minimal effort to exit positions or take profits at lower prices. Overall, the flow supports a view of ongoing accumulation and strong conviction in TSLA’s long-term upside potential.
More Notable Options Trades Observed
In similar bullish sentiment, we also detected two notable TSLA call sweep trades targeting the $400 strike with expirations on September 19, 2025, and October 17, 2025. Both trades were executed at the ask, suggesting aggressive buying interest. The September contract involved 306 contracts at $38.60, totaling a $1.2M premium, while the October contract saw 263 contracts at $42.00, totaling $1.1M.
Volume was especially notable in the September trade, with 475 contracts traded versus an existing open interest (OI) of 16,969, reflecting a V/OI ratio of ~0.028. This indicates these are likely additions to an already substantial position. In contrast, the October trade shows a V/OI ratio of ~0.15 against an OI of 1,794, suggesting a more significant relative impact. The consistent use of sweeps further signals institutional urgency to build exposure quickly. Overall, this activity reflects short- to mid-term bullish sentiment on TSLA with a focused bet on a breakout above $400 within the next 3–4 months.
What’s Happening with TSLA
Tesla (TSLA) is navigating a complex landscape as it enters June 2025. The company is preparing to launch a limited robotaxi service in Austin, Texas, on June 12th, featuring autonomous Model Y vehicles. While this initiative has generated investor enthusiasm, analysts advise caution regarding the initial rollout’s scale and impact.
Concurrently, Tesla faces challenges in its core automotive business. Sales have declined significantly in key markets, with a 49% drop in Europe in April 2025 compared to the previous year. This downturn is attributed to increased competition from Chinese automakers and backlash against CEO Elon Musk’s political activities. Musk’s recent departure from his role in the Trump administration’s Department of Government Efficiency signals a renewed focus on Tesla, a move welcomed by investors.
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, as well as 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, known for its 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 | Rating | Updated |
|---|---|---|
| CFRA | ★★★ (3 stars) | 05/25/2025 |
| Market Edge | Long | 05/14/2025 |
| Argus | Buy | 04/24/2025 |
| Morningstar | ★★ (2 stars) | 05/29/2025 |
| LSEG | Underperform | 05/29/2025 |
| Schwab Equity Ratings | F | 05/30/2025 |
The analyst ratings for TSLA reflect a mixed sentiment across major research firms. Some institutions, such as Market Edge, Argus, and CFRA, lean bullish, with ratings like “Long,” “Buy,” and “★★★.”However, others are more cautious: Morningstar gives just two stars, while LSEG issues an “Underperform” and Schwab Equity Ratings gives TSLA a failing “F.”
This divergence suggests a divided outlook, with optimism from some analysts on Tesla’s long-term prospects (especially amid autonomous and AI developments), but skepticism from others, likely due to recent sales declines and macroeconomic pressures.
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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.
