TSLA Tesla has fallen out of a two year range to the downside. Close today was the lowest since January 2017. Expecting further downside and fresh lows in the near term. Bearish options bet today - $20M worth of $400/$375 strike (very deep ITM) June puts traded. The very high per contract premium looks like a hedge fund bet (
13K-$16k per contract).See chart for possible near term targets. Barring some extraordinary goods news, we could see a decline down to $180 support by next ER in early August.
Note: Informational, not investment advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.