Tesla (TSLA) Options Signal Bullish Bias: Key Strike Levels and Trade Setups for Dec 5, 2025

• TSLA trades at $457.55, up 0.67% with volume surging to 18.5M shares.
• Call open interest dominates at $460–$480 strikes, while puts pile up at extreme puts like $140–$330.
• Block trades hint at big money positioning for both near-term and mid-term moves.
• The stock sits above all major moving averages, with RSI near overbought levels and MACD surging.

Here’s the takeaway: TSLA’s options market and technicals are painting a clear picture—traders are leaning bullish, but with caution. The stock has momentum, but extreme put activity warns of potential volatility. Let’s break it down.Bullish Calls Stack Up, But Puts Tell a Cautionary Tale

Options traders are piling into calls just above the current price. The $460 and $470 strikes (TSLA20251205C460, TSLA20251205C470) have the highest open interest for Friday’s expiration, suggesting a bet on a push above $460. That makes sense—TSLA is already testing the upper Bollinger Band at $460.33, and a break above that could trigger a rally.

But don’t ignore the puts. The $140–$330 puts (TSLA20251205P140 to TSLA20251205P330) have massive open interest, even if they’re wildly out of the money. This isn’t typical retail panic—it’s more like institutional hedging. Big players might be locking in downside protection ahead of any earnings or robotaxi news.

Block trades add intrigue. A $3.8M call block (TSLA20250919C380) and a $1.9M put block (TSLA20260116P410) hint at positioning for longer-term moves. The puts with January 2026 expirations? That’s a hedge against a potential pullback if the robot narrative stumbles.

News Flow: AI Dreams vs. Valuation Realities

Tesla’s stock isn’t just about cars anymore—it’s about Optimus and FSD. The recent headlines about a $1.5T valuation tied to robotics align with the call-heavy options activity. But Wall Street’s bearish take on stretched valuations (292x trailing earnings) can’t be ignored.

Here’s the rub: The options market is pricing in optimism about AI and robotics, but the extreme put open interest shows traders aren’t fully committed. If the robot narrative hits a snag—say, delayed timelines or regulatory pushback—those puts could turn into a safety net. For now, though, the stock’s technicals and options flow suggest the bulls are in control.

Actionable Trade Ideas: Calls for Aggressives, Puts for Cautious

For options traders:

• Aggressive Play: Buy TSLA20251205C460 (strike at $460, expiring Friday). If TSLA breaks above $460, this call could catch a short-term pop.
• Conservative Play: Sell TSLA20251212P430 (put at $430, expiring next Friday) to collect premium while hedging downside.

For stock traders:

• Entry: Consider buying TSLA near $455–$457 if support holds above the 30D moving average ($432.69).
• Target: Aim for $465–$470 if the stock clears the upper Bollinger Band.
• Stop: Below $452.97 (today’s intraday low) would signal a breakdown.

Volatility on the Horizon

TSLA isn’t just a stock—it’s a bet on the future of AI and robotics. The options market is pricing in a push higher, but the extreme put activity warns of potential whipsaw. If you’re in calls, keep a tight stop. If you’re bullish, consider a diagonal spread with next-week’s $470 calls (TSLA20251212C470) to ride a longer-term move.

Bottom line: TSLA is at a crossroads. The technicals and options flow lean bullish, but valuation risks linger. Play it smart—let the stock prove its strength before doubling down.