Unusual Options Activity: $20M Bet on TSLA $385 Calls Expiring Oct 16
28,952 contracts traded vs. 10,369 open interest, about $20.1M in premium.
Traders bought or sold 28,952 TSLA $385 call contracts expiring Oct 16, about $20.1M in premium, against just 10,369 contracts of existing open interest (2.8× volume to open interest). That makes it one of the largest unusual options trades in the market in the latest session.
The strike is out of the money with TSLA at $382.70 (+2.1% on the day). Volume above open interest means new positions are being opened, which is why options traders watch these prints closely. Calls gain if the stock rises above the strike before expiration, though big prints can also be hedges.
Other unusual TSLA contracts
| Contract | Volume | Open int. | Premium |
|---|---|---|---|
| $385 Call · Oct 16 | 28,952 | 10,369 | $20.1M |
| $660 Put · Dec 15, 2028 | 625 | 315 | $17.9M |
| $180 Call · Oct 16 | 854 | 299 | $17.4M |
| $385 Put · Oct 12 | 31,558 | 2,710 | $14.0M |
| $385 Call · Oct 12 | 61,562 | 4,969 | $13.4M |
| $400 Call · Oct 16 | 51,571 | 24,259 | $12.3M |
Source: Nasdaq option chains (end-of-day volume and open interest), scanned by GTA Options Flow across the 160 most active U.S. stocks.
Written by the GTA Research Desk from GTA Terminal data. Not investment advice.
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