Investing 101
:
Tesla fell not because of musk selling. It was due to gamma squeeze from 940 to 1200 due to tons of call options being bought up. MM hedge their delta thus fueling the buying. Now that the options all expired, those who bought the 950 to 1200 calls are unloading their assigned shares. That's why you see the sell off. Elon musk selling of shares do not take out 100bil of market cap.
GoldenPiggy
Investing 101
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What’s your take on the near term of Tesla share price then? 900 seemed to be holding up for now, how much more selling before a reversal
Investing 101
GoldenPiggy
:
Honestly I won't know drop to where. Have to see where there is a selling climax then you can know. Because it is smart money move. You won't know where they camping at to cover shorts or buy back in. Once you spot a selling climax. You will know that it is a potential reversal point. But selling climax could also be short term rebound. So after tt have to see if it breaks resistance and form higher lows along the way and monitor volume together. There is alot of moving parts to monitor. But based on tesla now, there is no such moves yet.
SunBird
Investing 101
:
Thank you @Investing 101, I learn something today. Else dunno why the market behave as such. By the way, possible to zoom in to section of the chart when you are explaining? Cannot really see the details
Silverbat OP : Was a great day to sell 900 puts near closing
Investing 101 : Tesla fell not because of musk selling. It was due to gamma squeeze from 940 to 1200 due to tons of call options being bought up. MM hedge their delta thus fueling the buying. Now that the options all expired, those who bought the 950 to 1200 calls are unloading their assigned shares. That's why you see the sell off. Elon musk selling of shares do not take out 100bil of market cap.
GoldenPiggy Investing 101 : What’s your take on the near term of Tesla share price then? 900 seemed to be holding up for now, how much more selling before a reversal
Investing 101 GoldenPiggy : Honestly I won't know drop to where. Have to see where there is a selling climax then you can know. Because it is smart money move. You won't know where they camping at to cover shorts or buy back in. Once you spot a selling climax. You will know that it is a potential reversal point. But selling climax could also be short term rebound. So after tt have to see if it breaks resistance and form higher lows along the way and monitor volume together. There is alot of moving parts to monitor. But based on tesla now, there is no such moves yet.
SunBird Investing 101 : Thank you @Investing 101, I learn something today. Else dunno why the market behave as such. By the way, possible to zoom in to section of the chart when you are explaining? Cannot really see the details
Investing 101 SunBird : Got it. Will take note future videos.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")