Elon sold more shares yesterday 11/11, looks like another 640K shares. Given that Elon is selling in smaller chunks and is likely not done with his selling I’m going to predict that TSLA will be range bound for a while. Traders and hedgies will stay away until the dust settles.
As a result I think we will see premiums drop and we could get another chance to reload LEAPs in December when his selling is mostly complete. I also feel like we can be more aggressive with selling calls for the next few weeks.
Thoughts?
As a result I think we will see premiums drop and we could get another chance to reload LEAPs in December when his selling is mostly complete. I also feel like we can be more aggressive with selling calls for the next few weeks.
Thoughts?
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