Tesla, Inc. TSLA shares closed lower during Monday’s trading session.
On CNBC’s “Options Action,” Mike Khouw of Optimize Advisors said Tesla was the busiest single stock option on Monday.
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There were buyers of 25,500 of the May 26 weekly 170-calls at an average price of $4.75 per contract, Khouw mentioned.
The trader expects Tesla’s stock to rise around 5% by the end of next week.
CEO Elon Musk said on Monday the EV-maker will make significant investments in France but added he could not give a timetable, according to a Reuters report. Musk met with French President Emmanuel Macron in Versailles during a gathering of global business leaders.
Price Action: Tesla shares fell 1% to close at $166.35 on Monday, but added 0.3% in Tuesday’s premarket trading session.
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