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UnknownUnicorn3924154
Sep 22, 2021 3:26 PM

$TSLA in the middle of the uptrend... 

Tesla, Inc.NASDAQ

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This is waiting for a decision on up or down...but sitting in the middle of the up trend...so far we have a lot of selling by AARK and premiums to the downside are much more expensive. Next week $700 puts at $5.53 vs next week $800 calls at $0.78, MM's pricing a move to the downside as more likely. Max pain (most premium burn for all option holders for this week is $735 and next week is $740... Too much in decision here for much of a position... playing a few $800 calls for 10/1 because they are cheap, but they probably are cheap for a reason. Also have one small put spread for 10/1...going to wait for a direction other than that
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