TSLA Stock: Unusual Call Activity Clusters Near $400 as Tesla Shares Slide 1.63%
By TrendSpider Editor
Tesla is seeing a notable burst of unusual options activity today, with five call contracts flagged across strikes ranging from $400 to $410 and a combined total premium of $2,192,756.90. Shares are currently trading at $398.92, down 1.63% on the session, putting the stock just below the most heavil
TSLA Stock: Unusual Call Activity Clusters Near $400 as Tesla Shares Slide 1.63%
Tesla is seeing a notable burst of unusual options activity today, with five call contracts flagged across strikes ranging from $400 to $410 and a combined total premium of $2,192,756.90. Shares are currently trading at $398.92, down 1.63% on the session, putting the stock just below the most heavily targeted strike. Tesla trades within a 52-week range of $214.25 to $498.82, meaning the current price sits roughly in the middle of that range but well off the highs set earlier in the cycle.
Key Drivers of the TSLA Stock Move
- Main Catalyst: Five unusual call contracts were flagged today with a total premium of $2,192,756.90. The largest single contract is a CALL at the $410 strike expiring March 13, 2026, with a size of 2,746 and open interest absorption of 35%. Meanwhile, multiple $400 strike calls expiring today attracted significant volume, including one contract with a size of 4,237 at 47% of open interest.
- Bull Case: All five flagged contracts are calls, and zero puts were flagged, indicating a purely bullish directional lean from options participants. The $410 strike expiring next week carries the largest premium at $1,441,650, suggesting at least some traders are positioning for a move above the current price of $398.92 over the coming days.
- Bear Case: With shares currently at $398.92, every single flagged contract is out of the money. The $400 calls expiring today are essentially at maximum risk of expiring worthless given the current session price, and the combined $710,497.70 in premium across the same-day $400 strike contracts could evaporate entirely by the close. The 1.63% decline on the session works directly against these near-term positions.
The forward setup is worth monitoring closely heading into next week. The $410 call expiring March 13, 2026 represents the largest single premium commitment in today's unusual activity, and whether Tesla can reclaim the $400 level before today's close will serve as an early read on that thesis. The stock remains far from its 52-week high of $498.82, and any broader market pressure could continue to weigh on the name. Traders will want to watch price action around the $400 level as a key technical reference given the concentration of options activity there today.
TSLA Unusual Options Activity
The following five contracts were flagged as unusual today:
- Call | Strike: $410 | Expiry: March 13, 2026 | Volume: 2,746 | Open Interest: 35%
- Call | Strike: $402.50 | Expiry: March 6, 2026 | Volume: 764 | Open Interest: 20%
- Call | Strike: $400 | Expiry: March 6, 2026 | Volume: 4,237 | Open Interest: 47%
- Call | Strike: $400 | Expiry: March 6, 2026 | Volume: 1,988 | Open Interest: 22%
- Call | Strike: $400 | Expiry: March 6, 2026 | Volume: 502 | Open Interest: 6%
All five contracts are out of the money relative to the current price of $398.92. Zero puts were flagged in today's unusual activity sweep, making the net directional lean entirely bullish. The $400 strike concentration across multiple same-day contracts is notable and suggests traders were watching that level as a key pivot heading into today's session.
TSLA Seasonality
Early March has historically been a transitional period for Tesla as the market begins to look ahead toward Q1 delivery figures, which are typically reported in the first days of April. Near-term options activity in this window often reflects positioning ahead of that catalyst.
TSLA Relative Performance
Tesla is trading at $398.92 today, down 1.63% on the session. The stock is currently trading roughly 20% below its 52-week high of $498.82 and approximately 86% above its 52-week low of $214.25, placing it in the upper half of its annual range but under clear pressure on today's session.