Thursday, July 8, 2010

TESLA MOTORS INC: Now with Stock Options! (TSLA)

The stock is up $1.33 at $17.13,
From Schaeffer's Research:
Speculators, start your engines: Options are now available on Tesla Motors Inc. (TSLA). And yes, that's a spectacularly lame intro. But, hey -- you try writing about options all day and keeping it lively.

My defensive attitude aside, volume is already heating up on the Wall Street newcomer. As we head into the second half of the session, about 1,900 puts and roughly 1,000 calls have changed hands on TSLA. Most active is the July 15 put, with 1,038 contracts trading. Most of these contracts have crossed the tape at the bid price, suggesting they may have been sold. With TSLA lingering just north of $16, these puts are out of the money by a slim margin....MORE