Tesla weekly close is in a tight range for the last 4-5 weeks indicating a short straddle was made by the big players.
A lot of premium would be collected by selling the strangle and they will be enjoying the time decay. A move on either side is getting killed for now and it’s a wait and watch to see which side next trend will emerge. Earnings can be a decisive factor
A lot of premium would be collected by selling the strangle and they will be enjoying the time decay. A move on either side is getting killed for now and it’s a wait and watch to see which side next trend will emerge. Earnings can be a decisive factor
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.