TSLA Gamma EOD
Tesla was able to push through a call barrier at 1050/1055 in the afternoon and is now sitting between a tripe-strike support (1050/1055/1060) and a major call barrier at 1100 where 9.7M gamma notional is concentrated.
Overall gamma increased by 19.5M to 72.2M which should dampen volatility and be supportive of a liquid market.
Fundamentally the stock was supported by an Electrek report that said that Tesla is on track to produce 600K cars in China every year.
Overall gamma increased by 19.5M to 72.2M which should dampen volatility and be supportive of a liquid market.
Fundamentally the stock was supported by an Electrek report that said that Tesla is on track to produce 600K cars in China every year.
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