This options trade could make a profit if Tesla's robotaxi event next month gives the stock a boost.
October promises to be a busy news month for Tesla , and that makes the electric vehicle stock a strong candidate for an options trade, according to Goldman Sachs. Tesla is slated to report its third-quarter delivery numbers next week, followed by a long-awaited robotaxi event on Oct. 10. John Marshall of Goldman's derivatives research team said in a note to clients that both could be stock movers.
mountain Shares of Tesla closed less than $1 below Goldman's suggest strike price on Tuesday. A call option serves as a bet that a stock will rise above a strike price before expiration, allowing the option holder to buy the stock at a discount to the market price. Shares of Tesla closed at $254.27 per share on Tuesday, so the stock only needs a small rally for the option to be "in the money.
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