Options market is betting on Tesla, Inc. (TSLA.US) will see its biggest volatility in nearly a year after its financial report. Overall, funds are leaning towards optimism.

Tesla, Inc. (TSLA.US) will release its financial report after the US stock market closes on Wednesday, with options traders betting on the stock price experiencing the largest volatility in nearly a year after the report. Options market data shows that at-the-money call and put options prices imply that Tesla, Inc. stock price will fluctuate by about 5.76% after the financial report, the highest level since the implied volatility reached about 6% in October 2025, indicating the possibility of the largest post-earnings actual volatility since July last year. In terms of trading sentiment, overall funds are leaning towards optimism. As of midday Tuesday, the market has bought about 244,000 call options, significantly higher than about 116,000 put options, with call options accounting for more than two-thirds of total options trading volume. The three most active contracts are all call options. Among them, the most popular is the call option with a strike price of $380, which expires this Friday, with traders cumulatively investing over $15 million to purchase this contract. Since the option price is around $11 per contract, it means Tesla, Inc. stock price would need to rise by about 3% this week for the buyers to profit. However, despite expectations of increased volatility in the options market, Tesla, Inc. has shown relatively modest stock price performance after financial reports in recent years. According to Cboe Global Markets Inc. data, the median stock price fluctuation after Tesla, Inc. financial reports over the past four quarters was only 3.5%. In addition to Tesla, Inc.'s financial report, the market will also focus on another important event related to Musk, SpaceX (SPCX.US), which will release its first post-IPO financial report on August 4. The options market currently expects SpaceX's stock price to potentially fluctuate in both directions by about 12% at that time. TheoTrade instructor Gianni Di Poce suggests that investors with a higher risk appetite may consider buying Tesla, Inc. on dips, as the stock price is currently near a key support level. In the long term, he still remains bullish on Tesla, Inc., but the stock price has been range-bound so far this year. He points out: "SpaceX has been putting pressure on Tesla, Inc., and the market is still weighing which company's stock to hold, and whether the two companies will merge in the future." After achieving a record-breaking IPO in June this year, SpaceX's market value once approached $2 trillion. However, with the continuous decline in stock price, the company's latest market value has dropped to around $1.7 trillion, still higher than Tesla, Inc.'s current market value of about $1.4 trillion.