Traders Bet Tesla Stock’s Rally Isn’t Over Just Yet

Traders are swarming the market for Tesla Inc. options to bet on a continued stock rally.

Almost one out of every two dollars spent in the U.S.-listed options market through Wednesday went to Tesla options, according to Cboe Global Markets data. On Monday, traders spent more money on Tesla bets, in what’s known as options premium, than they did on every single other option in the market combined. There are more than 5,000 stocks and exchange-traded funds to trade.