TSLA Gamma Levels Friday
Bulls tried to push through the call barrier at 1095 but eventually failed - too much liquidity! However the chart still looks constructive, we are still in positive gamma territory. 1060 must hold though, or we trade to 1050, then to 1020. Tomorrow we have quite a bit of gamma expiring, so be careful. ** Highly recommend the latest Goldman piece regarding the exploding option volumes (see Zerohedge). THE MARKET IS ALL ABOUT GAMMA NOW. Forget technicals for a moment. **
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