Tesla weekly close is in a tight range for the last 4-5 weeks indicating a short straddle was made by the big players.
A lot of premium would be collected by selling the strangle and they will be enjoying the time decay. A move on either side is getting killed for now and it’s a wait and watch to see which side next trend will emerge. Earnings can be a decisive factor
A lot of premium would be collected by selling the strangle and they will be enjoying the time decay. A move on either side is getting killed for now and it’s a wait and watch to see which side next trend will emerge. Earnings can be a decisive factor
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