TSLA’s Dec-05-25 480 Call Surges With 70,273 Contracts Traded—Is the 53% Implied Volatility a Bargain?
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Massive 70,273 Contracts Traded—Institutions Dominate Order Flow
By 11:00 AM, one Tesla option contract towered above the rest: the Dec-05-25 480 Call saw 70,273 contracts cross the tape, making up a striking 9.2% of the total TSLA options market volume so far today. That’s not just big—it’s institutional-grade big, with a remarkable 98% of these trades coming from large, professional participants, leaving only 2% to retail. Here’s a quick look at the key metrics:
| Metric | Value |
|---|---|
| Option Contract | Dec-05-25 480 Call |
| Volume (as of 11:00 AM) | 70,273 |
| Percent of Total Option Volume | 9.2% |
| Percent Large Trade/Professional | 98% |
| Percent Small Trade/Retail | 2% |
Volatility Signals: IV Slides to 53.0—Cheaper Than Yesterday
Implied volatility (IV) is a vital signal in the options market, hinting at expected stock moves. Today, the average IV for this contract stands at 53.3, slipping from a previous close of 55.6—a 4.2% drop overnight. Notably, volatility spent the morning ranging between 52.3 (the session low) and 55.8 (the high), but is now parked closer to session lows at 53.0. In plain terms, these options are slightly cheaper volatility-wise compared to yesterday’s levels.
| Volatility Metric | Value |
|---|---|
| Previous Day's Close IV | 55.6 |
| Current VWAP IV | 53.3 |
| Last IV | 53.0 |
| Low / High IV (Today) | 52.3 / 55.8 |
| % Change from Previous Close | -4.2% |
Order Flow: Heavily Skewed Toward Selling, Driven by Professionals
A glance at the order flow tells us more about trader sentiment: 75.6% of today’s 480 Call trades are classified as sold to open or close, compared to just 24.4% on the buy side. The vast majority of these orders came from professionals. This strong tilt toward selling could point to several strategies: covered call writing, institutional hedging, or even short-term tactical plays seeking to collect premium.
| Order Flow | Percentage |
|---|---|
| Overall Percent Bought | 24.4% |
| Overall Percent Sold | 75.6% |
Open Interest Jumped Over 14,000—A Window Into Institutional Activity
Before today’s market opened, open interest for this contract had climbed to 69,558—an overnight jump of 14,249 contracts. This suggests that prior trading led to a significant amount of new exposure, most likely institutional, being built. Today’s outsized trading could shift open interest again, but that won’t be revealed until settlement is updated.
| Date/Time | Open Interest | Change from Previous |
|---|---|---|
| Nov 13, 2025 (EOD) | 55,309 | - |
| Nov 14, 2025 (7:00 AM EST) | 69,558 | +14,249 |
Technical Picture: TSLA Stock Climbs 2.7%—Momentum Building?
While options activity takes center stage, the stock itself is on the move: up $10.93 (+2.7%) at $415.28 as of 11:00 AM. With such a notable rise, are option sellers banking on cooling volatility as the rally continues, or is this a hedge against bigger swings down the road? Either way, it’s clear large traders are adjusting exposures as momentum shifts.
| Price Metric | Value |
|---|---|
| Stock Price | $415.28 |
| Stock Change | $10.93 |
| Stock % Change | 2.7% |
Key Takeaway: Is Today’s Volatility Drop an Opportunity?
With professional traders dominating action on the Dec-05-25 480 Call and volatility retreating, the story is more nuanced than a simple bullish or bearish call. Is the market pricing in less risk than before—or does the rush to sell options reflect a strategy to capture premium in a strong uptrend?
If you’re watching TSLA for signals, keep a close eye on how open interest settles tomorrow, and whether today’s volatility levels present an attractive entry for new strategies. Large players are definitely positioning for something—what will tomorrow reveal?
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