We have only 3 weeks to go until the massive yearly Jan 19 2024 options expiry, where open interest currently stands at a whopping 2,726,167 contracts. Max Pain stands at $220 (this will likely migrate slightly closer to the SP as we near the date). Given these two facts, it is very strongly in the interest of the market makers to pull tightly on the reigns on the SP until then. The FUD seems to be coming as fast now as late summer & fall of 2019, doesn't it? Eh, probably just coincidental.
Tesla earnings report isn't until Jan 24, 2024, after the Jan 19 Quad Witching expiry. Also, from a technical analysis perspective, sometime around late Jan the final 50:100 golden cross will inevitable occur (assuming SP stays over $250). There seems a lot of excitement in the air over V12.1, Cybertruck, Optimus, Highland coming to US, Juniper ramp in Shanghai, likely imminent India Gigafactory announcement in January, Megafactory in Shanghai breaking ground, GigaMexico breaking ground (not for certain, but very possibly soon), Model 2 entering production, factory expansions of all sorts at nearly every Gigafactory (as well as Lathrop Megafactory), potential for Auto and Energy and perhaps even Services to suprise Q4 earnings...etc etc. You get the point. If a number of these imminent catalysts were to occur in close succession (perhaps even purposely...as if some 4D Chessmaster was coordinating them), the sweet sweet fragrance of Burnt Hair will certainly fill the air.
"One man has them totally surrounded, outnumbered, and outgunned. Elon Musk. " - Jack (may he rest in peace)
Happy Early New Year everyone. I am grateful to all of you over the years for the perspectives and entertainment you have provided. I usually start and end my day here, obsessively. I truly value and respect you all so very much. HODL!
