TSLA: this made my head spin
Another big run today and a new ATH breaking the 2K barrier -- i'm sure many folks who bought when the split was announced are happy -- great job!
but here's what made my head spin today as i was checking TSLA's option chain
at the time of this writing, the at-the-money weekly call (082120C2000), that's the call option contract for the 2,000 strike price that expires tomorrow -- has the following stats (I rounded some numbers for simplicity:
traded volume: 90,000
mid-price: $39 (that's $3,900 per contract !!)
theta: -15.2 (so tomorrow the option contract loses $1,520 of its value due to time decay !!)
Open Interest: 15K (today's volume is almost 6x the amount of all open contracts)
simple calculation, that's 90K x 3.9K = 350M -- in just one option contract of the TSLA option chain - traded in one day - for a contract that expires tomorrow - hoping to make a quick short-term gain. day trading at its best :) -- and looking at this makes me think of the billions of dollars put each day into these types of "lotto" moves and what/who is behind them.
Just a thought :)
but here's what made my head spin today as i was checking TSLA's option chain
at the time of this writing, the at-the-money weekly call (082120C2000), that's the call option contract for the 2,000 strike price that expires tomorrow -- has the following stats (I rounded some numbers for simplicity:
traded volume: 90,000
mid-price: $39 (that's $3,900 per contract !!)
theta: -15.2 (so tomorrow the option contract loses $1,520 of its value due to time decay !!)
Open Interest: 15K (today's volume is almost 6x the amount of all open contracts)
simple calculation, that's 90K x 3.9K = 350M -- in just one option contract of the TSLA option chain - traded in one day - for a contract that expires tomorrow - hoping to make a quick short-term gain. day trading at its best :) -- and looking at this makes me think of the billions of dollars put each day into these types of "lotto" moves and what/who is behind them.
Just a thought :)
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.