Hey traders,
Markets have been ripping higher, and the flow I’ve seen the past couple days tells me some serious money is being thrown around.
Wild Tesla Call Buying
Tesla’s always a hot ticket, but right now the call buying is off the charts.
I’m talking tens of thousands of contracts traded — not just at reasonable strikes, but way out there. $500, $550, $600… even $800 and $1,000 calls.
Pull up the open interest yourself and you’ll see what I mean. The numbers are jaw-dropping. That’s huge money betting on Tesla going higher.
Now, those options aren’t cheap. If you want a less expensive way to get exposure, take a look at TSLL — it’s a leveraged ETF that tracks Tesla. When Tesla moves, TSLL really moves.
The Biggest VIX Trade I’ve Ever Seen
But Tesla wasn’t even the wildest thing on my screen today.
I saw the single biggest VIX options order I’ve ever come across: a $12 million block trade, expiring in November.
That tells me an institution out there is bracing for volatility to pick up into year-end.
When big players drop that kind of money, it’s not for fun — it’s because they see something on the horizon.
Big Picture
For now, the market’s still grinding higher. Even the noise about a potential government shutdown hasn’t knocked it off course.
So here’s my bottom line: pay attention.
When you see Tesla call buying at this scale and a monster volatility hedge go up at the same time, it’s the market tipping its hand.
Trade well,
Jack Carter
P.S. Ignoring headlines could be the smartest trade move you make this year. Open and I’ll show you why.
