There are a lot of parties in the market who would like to limit any rise in TSLA. In particular the extreme size of Tesla's Options market creates a strong incentive for the price to be limited within a certain range that suits Options sellers. Much of this would be Market Makers, who would typically hedge positions but then generally don't like paying out large numbers of contracts if they can help it. There are a variety of ways they can manipulate the price from buying or selling shares, conventional and naked shorting, FUD and spoofing etc.
For this week there is a strong Call wall at $750 and a strong Put wall at $700. This provides a strong incentive for Market Makers to keep the share price between $700 and $750 come Fridays Option expiration. If they fail $750 they would definitely like it under the even bigger Call wall at $800. They don't always manage to achieve this but generally have a decent track record. Note there is also a $730 Call wall but this is more a legacy of this options data belonging to last Friday and by tomorrow you would expect the $730 calls to be lower. Based on the action so far today a price between $740 and $750 seems to be the balance today between all main market participants.
Last edited:
of driving away the most valuable contributors. Such contributors have exceedingly high signal-to-noise ratio. But nobody is perfect. I hate to speculate loudly why certain special member(s) is extra sensitive and harsh toward occasional "transgressions" from such contributors, while let some prolific trolls slide day in and day out. In an ideal world, such valuable contributors should be granted special privilege/immunity. Alas, I guess all good things must come to an end 
