What if you own TSLA and NVDA at the same time?

MaverickWealthBuilder

04-10

A Almost hedge Portfolio?

The trends of $Tesla Motors(TSLA)$ and $NVIDIA Corp(NVDA)$ have been opposite as the stock price chart shows.

About price

In the first three months, NVDA had unlimited glory, while Tesla shareholders suffered.

In April, Tesla instead rose against the trnd.

The correlation of NVDA and Tesla YTD is only 0.002, compared to an average of 0.245 over the past two years.

Similarly, the correlation between Tesla and $Apple(AAPL)$ remains around 0.5.

About Volatility

Turn to options' implied volatility, since 2024, the at-the-money options volatility of Tesla and NVDA has also shown fluctuation of one doing well while the other drops.

Both PUT and CALL, NVDA's IV has experienced a situation similar to stock price volatility.

The decline since the high point in March is also quite noticeable. Currently, the at-the-money options IV levels of NVDA and Tesla are once again similar.

Will Tesla Hit $200 With FSD Breakthrough?

Tesla jumps to $190 in the premarket trading. Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. clearing two key hurdles to introduce its driver-assistance system to the world’s biggest auto market. The US carmaker will partner with Chinese tech giant Baidu Inc. for mapping and navigation functions to support what it calls Full-Self Driving, or FSD. ----------------- What's your target price for Tesla's rebound? Back to $200 tonight?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Brando741319
04-14
Brando741319
Good

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In April, Tesla instead rose against the trnd. The correlation of NVDA and Tesla YTD is only 0.002, compared to an average of 0.245 over the past two years. <img src=\"https://static.tigerbbs.com/31cca439fb0bfadb54a7f808bc56cfc6\" tg-width=\"545\" tg-height=\"113\">Similarly, the correlation between Tesla and <a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> remains around 0.5. <h4 id=\"id_998450217\">About Volatility</h4>Turn to options' implied volatility, since 2024, the at-the-money options volatility of Tesla and NVDA has also shown fluctuation of one doing well while the other drops. Both PUT and CALL, NVDA's IV has experienced a situation similar to stock price volatility. <img src=\"https://static.tigerbbs.com/9a38d6ddae0ec7d4c375acf3a48923b3\" tg-width=\"2819\" tg-height=\"870\">The decline since the high point in March is also quite noticeable. Currently, the at-the-money options IV levels of NVDA and Tesla are once again similar.</body></html>","htmlText":"<html><head></head><body>A Almost hedge Portfolio?The trends of <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"Tesla Motors\" href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> and <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA Corp\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> have been opposite as the stock price chart shows.<img src=\"https://static.tigerbbs.com/3f95f752528e2a75eec2fe789bbc6e6e\" tg-width=\"1758\" tg-height=\"709\"><h4 id=\"id_474604145\">About price</h4>In the first three months, NVDA had unlimited glory, while Tesla shareholders suffered. In April, Tesla instead rose against the trnd. The correlation of NVDA and Tesla YTD is only 0.002, compared to an average of 0.245 over the past two years. <img src=\"https://static.tigerbbs.com/31cca439fb0bfadb54a7f808bc56cfc6\" tg-width=\"545\" tg-height=\"113\">Similarly, the correlation between Tesla and <a data-mention-id=\"AAPL\" class=\"teditor-mention\" data-mention-name=\"Apple\" href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> remains around 0.5. <h4 id=\"id_998450217\">About Volatility</h4>Turn to options' implied volatility, since 2024, the at-the-money options volatility of Tesla and NVDA has also shown fluctuation of one doing well while the other drops. Both PUT and CALL, NVDA's IV has experienced a situation similar to stock price volatility. <img src=\"https://static.tigerbbs.com/9a38d6ddae0ec7d4c375acf3a48923b3\" tg-width=\"2819\" tg-height=\"870\">The decline since the high point in March is also quite noticeable. Currently, the at-the-money options IV levels of NVDA and Tesla are once again similar.</body></html>","text":"A Almost hedge Portfolio? The trends of $Tesla Motors(TSLA)$ and $NVIDIA Corp(NVDA)$ have been opposite as the stock price chart shows. About price In the first three months, NVDA had unlimited glory, while Tesla shareholders suffered. In April, Tesla instead rose against the trnd. The correlation of NVDA and Tesla YTD is only 0.002, compared to an average of 0.245 over the past two years. Similarly, the correlation between Tesla and $Apple(AAPL)$ remains around 0.5. About Volatility Turn to options' implied volatility, since 2024, the at-the-money options volatility of Tesla and NVDA has also shown fluctuation of one doing well while the other drops. Both PUT and CALL, NVDA's IV has experienced a situation similar to stock price volatility. The decline since the high point in March is also quite noticeable. 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