Trader bets Tesla could plunge nearly 60% by August (via optionsaction)
Tesla is skidding into its earnings report on Wednesday with a more than 20% loss on the year, and the options market is expecting an even bigger move for the electric automaker.
As far as which direction the stock could head, Nathan noted that bearish bets on Tuesday outpaced bullish bets by about 50%. As Nathan explained, this is a phenomenally bearish bet that stands to net this trader about $21 million if Tesla plummets all the way down to that $110 price. Of course, to max out the profits on this trade, the trader is targeting a 58% drop in Tesla's share price between now and August."[Tesla] has been bouncing off this level of support a couple of times over the past year and a half or so. The thing is, there is a lot of tension down at that $260 level," said Nathan.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Up to 60% of our health is determined by zip codeHow BCBS investments in community programs are helping to improve America’s health.
Lire la suite »
Sri Lanka says 60 people arrested since Easter Sunday blastsMore than 60 people have been arrested since the rash of Easter Sunday suicide b...
Lire la suite »
Tesla Promises Incredible Numbers For 'Tesla Network' Robotaxi ServiceTesla asserts owners can make up to $30,000 per year in profit from hiring out their cars in the Tesla ride-hail network, which would compete with Uber at half the price. Elon Musk says you would be crazy to buy any other car -- what do the numbers say?
Lire la suite »
Small group blamed for Sri Lanka attack went 'from zero to 60'International links of the little-known Islamist group blamed for the Easter Sunday suicide bombings in Sri Lanka are under the spotlight amid questions about whether it was capable of orchestrating such a complex attack without outside help.
Lire la suite »
60 arrested across 5 states in 'Appalachia' opioid takedownThe Justice Department said Thursday that 60 people, including doctors and pharmacists, were arrested across five states in an 'Appalachia' opioid takedown.
Lire la suite »
60 people nabbed in illegal prescription opioid crackdownCINCINNATI (AP) — Federal authorities say they have charged 60 people, including 31 doctors, for their roles in illegal prescribing and distributing of opioids and other dangerous drugs.
Lire la suite »
More than 60 cities and states in the US no longer observe Columbus DayColumbus Day is a federal holiday, but states and local governments can choose to not observe it -- and, as is the case with a growing number of places, change the name and intent of the October holiday altogether
Lire la suite »
Militants kill more than 60 regime fighters across Syria – SOHRBritain-based war monitor Syrian Observatory for Human Rights says over 60 Syrian regime fighters have been killed in 48 hours.
Lire la suite »
Astronaut Owen Garriott, who spent 60 days aboard first space station, dies at 88Owen Garriott served on the second Skylab crew in 1973, spending close to 60 days in space, a record at the time.
Lire la suite »