Hi traders, quick note regarding y'alls favorite stock ;).
TSLA is hovering right around the neutral gamma level and the potential outcome looks sort of binary. Traders increased their puts at 900 and 950 notably, so if the chart situation worsens from here those guys would be sitting on a big payoffs and dealers would have to sell into weakness, therefore creating a potentially self propelling sell-off
Hope you have a nice weekend, I am out of here for now (checking back in tonight though).
TSLA is hovering right around the neutral gamma level and the potential outcome looks sort of binary. Traders increased their puts at 900 and 950 notably, so if the chart situation worsens from here those guys would be sitting on a big payoffs and dealers would have to sell into weakness, therefore creating a potentially self propelling sell-off
Hope you have a nice weekend, I am out of here for now (checking back in tonight though).