TSLA- Last week large institutions traders purchased blocks of Call options worth $75 million expiring in 9/4, 9/11 and 9/18 covering over 1,600,000 shares. The intent of these traders was to force options sellers to buy and hold shares to move the price of TSLA higher. Then on 31, 1 and 2nd the traders unloaded 1,300,000 shares at average price $458 and $15 million worth of Puts covering 300,000 shares. This is a technique used by Soft bank and others. This is only successfully when the public is excited about the stock.
This is a sophisticated trade made by the largest of traders. Traders remove $600 million worth of shares of TSLA in Dark pools (1,400,000 shares) on the 31,1 and 2nd for prices between $474 and $448 from there portfolio near the high. Than sold the calls they owned and bought Puts on 9/2 and 9/3.
Today the public views TSLA chart that some read bearish and other read bullish. Please remember that $100 point drop made traders money but the public lost substantial money and many shares are now owned by traders that are hurt and perhaps scared. Without large institution traders buying this stock will likely go lower
This is a sophisticated trade made by the largest of traders. Traders remove $600 million worth of shares of TSLA in Dark pools (1,400,000 shares) on the 31,1 and 2nd for prices between $474 and $448 from there portfolio near the high. Than sold the calls they owned and bought Puts on 9/2 and 9/3.
Today the public views TSLA chart that some read bearish and other read bullish. Please remember that $100 point drop made traders money but the public lost substantial money and many shares are now owned by traders that are hurt and perhaps scared. Without large institution traders buying this stock will likely go lower
Comment:
Now the stock has broken 386 it needs some time backing and filling I would expect large point moves both directions with it hitting 280 on the low. TSLA completed sale of stock to raise money. I will wait until more weakness to build a position.
