Thanks for correction (I double-checked and you’re right, I had the 2-day meeting dates wrong).
Appears the rebalancing is happening throughout this week, didn’t someone show numbers that the % will decrease so there will be net selling from that one effect?
Likely a wash with the rebalancing - since some funds that track the S&P couldn't buy when Junk rated can now carry TSLA as a partial investment grade stock.
Also, highly likely we see massive volume again through Thursday - then the closing cross on Friday is going to be a stunner - I am predicting 50M shares traded during the closing cross Friday.
Additionally, shares cannot be sold into a vacuum - some one is buying them, more than likely ahead of this rebalancing to provide the shares at a profit.
I still have my P $175's I sold last week - going to see what happens on Friday and decide to assign or roll. Leaning towards assignment and "Wheeling" them through the earning report in about 35 days.
Things I want to hear about on the Q4 call - New Giga's, Cybertruck dates, Semi ramp, Texas, Germany ramp and Insurance.
Not going to do anything but sell aggressive Put's until then and depending on the outcome of the Q4 earnings, will probably sell even more.
Buy / Write at these levels is also very attractive, since you can roll up and grab more. This company is not going to $0 or bankrupt.
As @adiggs and others have mentioned, always be prepared for a 50% drop in TSLA... Wish he would have said 60%!!
Things are going to be good, let's make some money, remember - Bulls make money, Bears make money - pigs get slaughtered....