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Trading in Tesla-Linked TSLA Perpetuals Reaches $128 Million Over 24 Hours

The contract price advanced 2.13% to $373.04, while open contract value rose 76.3% to $82.33 million.

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A sports car waits on the demonstration course at the SpaceX test site in McGregor, Texas. / EconoTimes.ai
A sports car waits on the demonstration course at the SpaceX test site in McGregor, Texas. / EconoTimes.ai

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After the next-generation Roadster appeared at a presentation, Tesla-linked TSLA perpetuals recorded $128 million in 24-hour trading, while open contract value reached $82.33 million.

Before the presentation, the contract price was around $365.27; it later reached $373.04, a 2.13% increase. Open contract value reached $82.33 million.

The period following the Roadster presentation recorded $81.12 million in trading. That was about 24.3 times the total in the earlier comparable period.

Three or more accounts moved from no position into long positions totaling about $3.98 million. The positions had a weighted average entry price near $367.33 and unrealized gains of about $60,900. Their individual valuations were about $1.8515 million, $1.1191 million and $1.0094 million.

Leverage was 20 times on the first and third positions. The remaining position used 10 times leverage and was assembled through a time-weighted average price approach.

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