It's the Tesla that we are familiar with!
Let's look at yesterday's list of outliers, $Tesla Motors(TSLA)$ It's dominating the charts again after many months, and this time it's not panic due to bad news causing a selloff, but rather a return of sentiment brought on by the market looking to be pulled up again as delivery data exceeded expectations.
PUTs expiring this week have been closing out in droves, leaving the Call/Put ratio of open interest in expiring options higher again this week;
200-220 PUT open positions sharply elevated, may be that the next retracement is no more than this position, many people are willing to continue this position to copy the bottom of the wave
It has to be said that the previous use of Bull Spreads for short-term gaming has been quite a cost-effective way of doing this, and of course in the short term there can be opportunities to continue to get on board if a pullback is expected.
Sentiment for Tesla has never been instantaneous, and it's like $NVIDIA Corp(NVDA)$ Like institutions, once they get involved in the short-term market, there is a "price-option" double whammy that creates an effective Gamma Squeeze, which can be an important driver of the stock price.
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Yeah TSLA and NVDA take turns….
📈💯🚀