Posted on 02/04/2020 7:12:03 AM PST by John W
“When the market went down late last week everyone said it was because of the beervirus.”
Yeah, the Dos Equis virus was possible, but it didn’t look like anyone was really taking it all that seriously, even if they should have been. Impeachment was the big story last week, and Iowa is the big story this week. Iowa is the biggest possible disaster for the Democrats. I had previously thought that Bernie winning would be the worst case scenario for them. Not even being able to tell that Bernie won is so much worse/better. And the market goes way up.
someone just spent 7 million this morning buying TSLA 800 puts that expire on Friday. Will be interesting to see what happens here.
TSLA is a Wall St. casino right now. For example, roughly $1900 this morning could have made you roughly $19000 if you timed it perfectly...probably a little less due to spreads
More likely Wall Street breathing a sigh of relief that the Democrats are NOT going to let Bernie win. No matter how many votes he gets.
I read that TSLA is/was pretty heavily shorted and the shorts are covering.
It was..but that is not what this is about. Too big of a move. Gotta be China money.
I am watching option volume trying to get a clue when China is going to pull the rug. But make no mistake..shorting TSLA right now is a Wall Street Gamble.
Feel a tad sorry for the Options market makers. Gotta be pretty stressful right now.
You think they bot them? Or sold them? I’d lean towards selling them.
I am one of those that is often not sure about whether they are buying or selling. So that figure of buying is from a Former Goldman Sachs hedge fund guy who knows how to read it.
that said, he could be wrong
Tesla’s 10,000% Options Surge Leaves Stock Gains in the Dust
btw, that article explains a little how the option purchases fuel the stock price
It’s semi-rare that you can know with any sort of certainty. Occasionally you can see matching (or close-matching) volume numbers on adjacent strikes, indicating a vertical spread, or, matching numbers on adjacent months, suggesting a calendar spread. But on TSLA, where we have nearly 360K calls and 271K puts = astronomical volume, (and it’s still early!) that would not be possible to discern.
For example, I can see 59 Sept 900 calls and 56 Sept 910 calls...suggesting a vertical.
The 900 calls are only 195 x 198, LOL.
He was probably looking at the tape and seeing whether they went off at the bid or the ask. It was 4000 800 puts if you want to look at the tape.
I think 17.92 was the price but not sure
Will Meade
@realwillmeade
·
Buyer 4000 $TSLA 2/7 $800 puts for $17.92
wow
Freepers:
- Market goes down = market knows the truth about how devastatingly deadly this virus is.
- Market goes up = market doesn’t know a thing about how bad this is going to be.
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