In a recent Barchart article, it was suggested that Tesla (TSLA) stock could be worth over $501 per share based on strong free cash flow (FCF) margins. TSLA is currently trading at $447.00, down from its recent peak of $468.37 following Tesla’s Q3 shareholder deck release on Oct. 22.

Investors are showing strong bullish sentiment through heavy call options volume in TSLA stock, with over 33,500 call options traded at the $480.00 strike price. The premium for these calls is $16.60, indicating a belief that TSLA stock could rise to $496.60 for the investment to gain value, potentially up 11.0% from the current price of $447.00.

Some investors are looking to capitalize on potential gains by buying short-term call options, anticipating TSLA stock to continue rising towards a $507 price target. Short-sellers are also bullish, especially when selling covered calls, which can provide a yield of 3.7% over the next month. Additionally, shorting out-of-the-money put options is another strategy being utilized by some investors to benefit from TSLA’s potential upside potential.

Read more at Barchart: Heavy Tesla Call Options Volume Highlights TSLA Stock’s Value