FYI reminder for everyone, markets closed Monday for Martin Luther King, Jr. DayYes. TSLA is in the bottoming window between now and early next week.
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FYI reminder for everyone, markets closed Monday for Martin Luther King, Jr. DayYes. TSLA is in the bottoming window between now and early next week.
oh, it's from my custom spreadsheet
i was trying to find the best 15% OTM premium to sell for the next 7 weeks, based on highest overnight change
View attachment 1008004
It's not like I'm surprised. As I mentioned the other day, the substance in the Q1 and Q2 earnings in no way justified 100% and 90% rallies. Even Tesla themselves have acknowledge that 2024 is going to be an in between year when it comes to growth curves. Knowing that along with the reality that Tesla is going to face constant margin pressures on the auto side until Fed rates drop materially, it's open season on the stock in terms just hammering it non stop.
Talking about that. What if we would stay around these levels today and open higher tomorrow ?oh, it's from my custom spreadsheet
i was trying to find the best 15% OTM premium to sell for the next 7 weeks, based on highest overnight change
View attachment 1008004
Another drop for a few days, and then surprise when there's a facelift Model Y in February.
Follow-up Tweet, seems to be lack of parts being delivered
May as well dump all the bad news out all at once and be done with it.
Gotta feel sorry for the bears, worked hard to get the stock down the last few weeks, they could have just waited a bit for Tesla to do it all by themselves...