$Tesla (TSLA.US)$ Today's review is about data. (It's not done every day, it feels more meaningful to review occasionally.)
First of all, for my Moo friend who paid attention to my post yesterday, you should know that I mentioned I would call overnight if it crossed 400. So, when tsla hit 396, I had already bought the 395 end date options. Why did I dare to buy end date options and carry out such a high-risk operation?
Mainly because last week's Large Cap data really made people feel embarrassed. So, with the market already falling so much, if you want to inject some energy into the market, what can you do? You can only act on the upcoming ppi and cpi data. Based on the belief that as long as ppi is lower than expected, the stock market will rise, this is why there is a reason why tsla could recover even after falling by 1% before the market opens. Everything was anticipated (actually, it can be seen that the market makers already knew the data in advance, deliberately lowering the stock price to collect).
But as I replied to everyone in the comments section, 420 is a support level. Even if the data drives an increase, this support level is always difficult to overcome and requires a strong force. Therefore, everyone will see a reversal once it reaches the 420 level, so as a professional, this is the time to reverse and initiate a put operation.
The market will now wait for the next set of data to determine the direction reasonably. If you are a novice, you should avoid participating in these data gambling activities, because...