NFC North

Unusual Option Activity in Tesla: Bears Hit it Big

By Market Rebellion Tesla bears have been on a roll lately, with increasingly bearish bets that use the leverage of options to cash in on BIG downside moves. Recently, Market Rebellion identified a series of massive bearish bets being made against EV darling, Tesla. It started just two weeks ago, on September 29th. Market Rebellion identified 4,171 bearish put spread spreads bought at the $260-$240 range for $5.98 per spread. Total trade price: $2.5 million dollars. At the time, with Tesla trading at $275.56, shares would have had to fall by roughly 13% in just one month for the spread to reac…