Options traders make a lot of noise. TeslaThe stock of’s as the company prepares to report earnings on Wednesday after the bell.

By, the electric vehicle manufacturer Elon Musk — who continues to make a lot of noise himself — has struggled so far this year, but the options market is betting that Tesla could be back in positive territory for 2022 by the end of this week.

“[Tesla]Was the fourth most-busiest [single stock option]Today’s contract terms, and today’s busiest in notional terms. The options market at the moment is implying a moveCIO Michael Khouw from Optimize Advisors stated Tuesday on CNBC that there was a drop of 6% at the end of this week.Fast Money.”

The Tesla options trading volume surge Tuesday was largely due to bullish traders. However, the most popular contract targeted a post earnings move that was slightly less than the predicted 6% by the entire market.

The most active choices were those that included the [April 22 weekly]1,100- and 1,050-strike calls. Khouw said that nearly 35,000 contracts traded in the 1,050s at $20 per contract. To make a bullish wager that the stock will rise by 4.3%, call buyers of these calls risk a little less than 2% of current stock prices.

Tesla dropped more than 3% on Wednesday, midday.

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