#Latest news with #optionsTradersBloomberg2 days agoAutomotiveBloombergMusk-Trump Feud Distracts Tesla Traders Ahead of Robotaxi LaunchAfter years of anticipation and broken promises, Tesla Inc. said its robotaxi service is tentatively set to roll out later this month. Options traders aren't ready to buy the hype yet. Traders had braced for the milestone to come on June 12 — before Chief Executive Officer Elon Musk said late Tuesday the company is aiming for a June 22 launch date — and their positioning in the stock's options signaled that few expected any fireworks. Options traders priced in a 5.4% move in the stock for the week ending June 13, according to data compiled by Tom Keen, options strategist at Piper Sandler. That's 24% below the stock's average realized weekly move over the past 12 months.
Bloomberg2 days agoAutomotiveBloombergMusk-Trump Feud Distracts Tesla Traders Ahead of Robotaxi LaunchAfter years of anticipation and broken promises, Tesla Inc. said its robotaxi service is tentatively set to roll out later this month. Options traders aren't ready to buy the hype yet. Traders had braced for the milestone to come on June 12 — before Chief Executive Officer Elon Musk said late Tuesday the company is aiming for a June 22 launch date — and their positioning in the stock's options signaled that few expected any fireworks. Options traders priced in a 5.4% move in the stock for the week ending June 13, according to data compiled by Tom Keen, options strategist at Piper Sandler. That's 24% below the stock's average realized weekly move over the past 12 months.
2 days ago
