With the largest negative net volume since the 14th of May, 2013, TSLA dipped back into $260 territory today after news got out that the SEC is filing a lawsuit against [CEO] Elon Musk, allegedly for fraud. SEC claims that Musk misled investors when he tweeted that he was considering taking the company private at $420 a share back in August.
Naturally this has created an insane amount of implied volatility which is perfect for selling options while premium is high. I have personally taken a November-9 put credit spread with the assumption that TSLA will either remain flat or rebound in the interim. TSLA has broken the daily 2-SD low 5 times previously this year, rebounding on every occurrence. Will history repeat itself, or will this finally be the straw that breaks the camels back? I assume the former, or at worst a nice flattening in the short term - enjoy the show folks.
Naturally this has created an insane amount of implied volatility which is perfect for selling options while premium is high. I have personally taken a November-9 put credit spread with the assumption that TSLA will either remain flat or rebound in the interim. TSLA has broken the daily 2-SD low 5 times previously this year, rebounding on every occurrence. Will history repeat itself, or will this finally be the straw that breaks the camels back? I assume the former, or at worst a nice flattening in the short term - enjoy the show folks.
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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.