TSLA’s 68,126-Contract Surge in Sep-05-25 $340 Calls—Bullish Options Action as Stock Rallies 3.62%
Click to View this Option in the TSLA Option Chain Profit Calculator
Options Volume Spikes: Sep-05-25 $340 Call Leads With 68,126 Contracts, 7.6% of Day’s Total
Tesla (TSLA) shares are up $11.91 (+3.62%) to $341.27 as of 11:36 AM, but the real story is in the options market. The Sep-05-25 $340 call has rocketed to the top of TSLA’s options chain, seeing 68,126 contracts traded by midday. That’s 7.6% of all TSLA options volume today, signaling traders’ focus is squarely on this strike and expiry. The day’s trading range on this call spans from a low of $1.56 to a high of $6.85, with a last trade at $5.90—more than triple yesterday’s closing price of $1.80.
| Option Contract | Volume | Percent of Total TSLA Volume | Trade VWAP ($) | Prev. Close ($) | Low-High Range ($) | Last Trade Price ($) |
|---|---|---|---|---|---|---|
| Sep-05-25 340 Call | 68,126 | 7.6% | 3.73 | 1.80 | 1.56 - 6.85 | 5.90 |
Implied Volatility Eases: -4.6% Drop Signals Softer Premiums
The spike in call trading comes as implied volatility (IV) on the contract has pulled back from yesterday’s close. VWIV is at 36.5, versus a previous day’s close of 38.3—a drop of 4.6%. This drop could mean that the heightened demand is being met by sellers, and premiums aren’t running away despite the activity. For traders, a softening in IV can signal a shift toward less fear or uncertainty, but also offers lower-priced entry for those still looking to bet on a continued move.
| Implied Volatility | VWIV | Previous Close IV | IV Change | Day's Range | Last IV |
|---|---|---|---|---|---|
| Sep-05-25 340 Call | 36.5 | 38.3 | -4.6% | 33.3 - 39.0 | 37.3 |
Retail Drives the Action: 62% of Volume Is Small-Lot Trading
Another key takeaway from today’s option flows is the outsized participation from retail investors: 62% of contracts were attributed to small or retail trades, versus 38% for large or professional trades. This skew toward smaller participants hints at broader market enthusiasm rather than one-off institutional positioning.
| Buyer vs Seller | Percent Bought | Percent Sold | Large/Pro | Small/Retail |
|---|---|---|---|---|
| Order Flow | 47.8% | 52.2% | 38% | 62% |
Open Interest Jumped by 9,374 Contracts—But Position Direction Is Unclear
As of this morning, open interest on the $340 call was reported at 18,888—up by 9,374 contracts from the previous day. While this is a significant build, it’s important to note that open interest won’t reflect today’s frenzied trading until tomorrow, and the breakdown of new opening versus closing trades can’t be determined from current data. However, the sheer magnitude of the jump reflects an uptick in speculative or hedging activity into this strike.
Key Takeaway: High Call Volume, Lower IV, and Retail Activity Signal Optimism—But Don’t Ignore the Premium Jump
In summary, the surge in volume for the Sep-05-25 $340 call, softening IV, and robust participation from retail traders paint a picture of renewed bullish speculation on TSLA. The last trade price for the call now sits at $5.90—up 228% from the prior day’s close—which also suggests that premium buyers have paid up considerably in just one session. For investors, today’s action could mean expectations for higher volatility and momentum in TSLA persist, even as premiums recalibrate.
If the market continues to favor TSLA, and with retail traders showing outsized enthusiasm, this $340 call strike will be one to watch for potential follow-through. As always, it’s wise to revisit open interest data after today’s session settles, as that may reveal whether traders are opening bold new positions or locking in recent gains.
Contact Information:
If you have feedback or concerns about the content, please feel free to reach out to us via email at support@marketchameleon.com.
About the Publisher - Marketchameleon.com:
Marketchameleon is a comprehensive financial research and analysis website specializing in stock and options markets. We leverage extensive data, models, and analytics to provide valuable insights into these markets. Our primary goal is to assist traders in identifying potential market developments and assessing potential risks and rewards.
NOTE: Stock and option trading involves risk that may not be suitable for all investors. Examples contained within this report are simulated and may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices and were not actually executed, so they do not reflect actual trades, fees, or execution costs. This report is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither Market Chameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades. You can read more about option risks and characteristics at theocc.com.
The information is provided for informational purposes only and should not be construed as investment advice. All stock price information is provided and transmitted as received from independent third-party data sources. The Information should only be used as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments and trading strategies. The Company does not guarantee the accuracy, completeness or timeliness of the Information.