Options Traders Eye Tesla Ahead of Earnings

TSLA dominates options attention today. The stock reports Q3 2026 results this evening. Musk confirmed Tesla-SpaceX merger committees in pre-market, sending both names trending hard.

Taiwan export orders surged 69% year-on-year in September, the sharpest read on global tech and EV demand in years. German car registration data, a leading indicator for Tesla revenue, is running 269% above the same quarter last year. That two-sided backdrop is pulling options traders in both directions before the print.

FROG is the standout options call of the morning. ORTEX flagged bullish options flow turning positive on the DevOps platform name. Short sellers have eased positions. Retail attention is climbing. JFrog's short score sits at 46, with 5.7 days to cover. That combination of easing short pressure and rising call activity is the setup traders watch for a squeeze.

META also headlines the week. Options positioning ahead of its own earnings release is drawing large bets. Positive options flow is strong across several large-cap names. RTX and CNC both show clean call-side setups heading into their Q3 prints.

SPCX, the Space Exploration Technologies listed vehicle, spiked on the Musk merger news. Options volume on the name is likely to be elevated through the session.

The biggest macro signal sits under the tape. Buyback spend hit a record USD 23.7bn in Q2 2026. That put floor under equities even as rate volatility remained elevated. Options sellers are pricing that floor in.