Nov. 28 at 4:45 PM
$TSLA
If you’re looking for a higher time frame outlook (which always comes at the expense of more time
For the data to change)…
The sheer amount of puts sold 400-425 over the next 3-4 weeks tells me the price is likely net upwards in trend in how it expires every Friday.
So if you can find some really good dip buys below 422.5
$TSLR is likely the set and forget style play for the next 2-3 weeks.
This doesn’t mean there won’t exist pockets of
$TSLQ plays along the way. But as a whole… there’s just way too many puts in the system for them to be finishing lower.
They will likely come down and tease them (to sell more) but they will likely be mean reverted and head right back up.
So that’s why I’m saying a nice dip buy on
$TSLR likely is the play for the next 2-3 weeks.
So long as these puts are sold like this, there’s too much resistance on the way down in how they will protect price and avoid assignments.
Which as a whole is telling about an incoming decimation.
