Tesla Motors Attracts Short-Term Option Bears
The shares of Tesla Motors Inc. (NASDAQ:TSLA) have spent the past few weeks dawdling north of support in the $33-$33.50 neighborhood but it looks like some options traders are anticipating a break to the downside -- and sooner rather than later. During the course of Tuesday's session the automaker saw roughly 6 500 puts cross the tape -- almost twice the number of calls traded and more than three times its average daily put volume. Most popular was the January 2013 32-strike put which saw close to 2 400 contracts exchanged. The majority of the puts traded at the ...
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