To The Moon

$Tesla Motors(TSLA)$ It's Friday roll time again, and as I was comparing various data points to calculate a suitable call/put spread range for next week, a major block trade flashed across:Closing $TSLA 20240816 185 CALL$ - 41,800 lots for $110 million in premiumOpening $TSLA 20240816 200 CALL$ - 53,800 lots for $95.827MRegular readers know there has been a major institution selling calls at resistance levels against Tesla for the past two quarters.In Q1 they sold the 200 calls, in Q2 the 185 calls - sized in the tens of thousands of lots. For a capital force of this magnitude, it's hard to say if they predict f

Have you been keeping track of all the economic reports out this week ? If you have not, then you have come to the right place. Below is a quick summary of all economic reports released so far. (see below) I think they are “music” to the Fed’s ears in their quest to bring US inflation back to 2%. It certainly looks like things are taking shape. All that is left is the missing jigsaw puzzle piece, that will be released on Fri, 28 Jun 2024’s morning - the personal consumption report (PCE) for May 2024. If the PCE report is able to show proof of even a -0.1% cooling, I think it will be the perfect “alibi” needed for US market to close June 2024 - the week, the month, the quarter and the half year on a “high”. US Consumer Confidence report - 25 June 2024 The Conference Board Consumer Confide