There are four trading days until the monthly October series of TSLA options go off the board. There is massive volume in the October 16 $450C, currently trading at about $800 each (see table below). There is also the price pattern on the chart below that suggests a break above $450 (hourly) would be an important breakout. TSLA is also in a bullish pre-earnings period - and a lot of CNBC visibility and social media speculation. (Did I mention the Oct 16th $480 and $500 calls trading for $2 and $1 respectively?) We are already full-up with various TSLA calls, so this is not a new trade recommendation, but it is a reason to watch TSLA even a little more closely than usual these next few days. Again, earnings are out after the close next Wednesday, Oct 21st.
