Thinking of buying an option strangle for friday 4/21. Looking for a big move in either direction - seems to be setting up for volatility. All eyes on Tesla's margins. Other thoughts...
1. Tesla's price cutting can go either way. Could look good for ER, but may be bad for future/conference call. 2. Some insider selling the last 2 months. 3. Damn....Tesla sure does make a nice looking car (sticker price looks tempting) 4. Alot of analyst buy ratings this and last week (few lowered price) 5. I hate Elon Musk.
Neutral for the short term. If TSLA tanks during earnings - will be looking for an area to buy in for longer term, GL.