TSLA AM Update
Bears had their run and pushed the stock lower to 950. Dealers were fully hedged at that point and the sell-off lost steam/reversed. On the way up they (the dealers) now need to unwind their hedges which feeds into the intraday rally.
Focus on 2 points: Negative gamma at 950 is significantly reduced now, and gamma inversion level moved lower to 1000. Above 1000 TSLA has neutralized the sell-off and could stage a more sustained rally into next week.
Focus on 2 points: Negative gamma at 950 is significantly reduced now, and gamma inversion level moved lower to 1000. Above 1000 TSLA has neutralized the sell-off and could stage a more sustained rally into next week.
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