$TSLA bull thesis from last week is still working. Nothing new here. Same scenario that I explained last year:
$26 billion pent up demand from shorts
+ Retail keeps buying OTM calls.
+ OTM call sellers keep buying the stock to delta hedge.
+ Index buying etc.
= Demand galore
$26 billion pent up demand from shorts
+ Retail keeps buying OTM calls.
+ OTM call sellers keep buying the stock to delta hedge.
+ Index buying etc.
= Demand galore
https://twitter.com/team3dstocks/status/1329119690510229504
I also dont wanna hear stupid ass questions like "when is it gonna top out".
I dont know and I dont care.
My goal as always is to keep buying calls on weakness (when shorts are stuck) & puts when longs are fucked.
As long as someone is in pain, there is ALWAYS a trade.
I dont know and I dont care.
My goal as always is to keep buying calls on weakness (when shorts are stuck) & puts when longs are fucked.
As long as someone is in pain, there is ALWAYS a trade.
As far as today goes, we already gapped up huge so ill be much more cautious on the long side until we get a pull and some profit taking. Way too risky to chase weeklies this high (premiums will get wrecked at the slightest pull)
So ideally we retrace to $530ish if Odin wills it
So ideally we retrace to $530ish if Odin wills it
Also fun facts:
1) $TSLA is currently about $2700 (remember when I was called crazy for having a $1000 & $1600 price target earlier this year?)
2) $TSLA is now the 8th largest company in the world. Trailed only by $AAPL $MSFT $GOOG $FB $BABA and Berky
That....is fucking insane
1) $TSLA is currently about $2700 (remember when I was called crazy for having a $1000 & $1600 price target earlier this year?)
2) $TSLA is now the 8th largest company in the world. Trailed only by $AAPL $MSFT $GOOG $FB $BABA and Berky
That....is fucking insane
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