What Happened to Options On Tesla With Two Days To Go And An Earnings Report
First it's five day chart going into a thursday. It closed at $438.97 on wednesday. Something else was happening on wednesday. It's quarterly earnings report were coming out after the markets closed. This factor means that both the Calls and Puts were priced higher than they usually would be. The 440 Calls going into the opening closed at $14.30 on wednesday's close and the offsetting Puts with the same striking price closed at $15.37. ...... So the $14.30 for the Calls means $1,430.00 U.S. dollars which equals about $2,000 Canadian. Just to break even the stock would have to close at $454.30 which would be a huge leap upwards. It could. As stated in a past blog on two of the last three Fridays Tesla has had an interday price swing of over $30.00 dollars. Let's watch it and see what happens. So really the "small fish" meaning the little guys like us can't be sloshing money around and holding onto contracts like this overnight. But wait. It's the sw...
