Thank You Tesla and Uncle Elon For The Volatility
$Tesla Motors(TSLA)$ Tesla had an incredible week after the company hits $1T on Monday when the share price burst through the $1000 milestone and then continues to be a hit on mainstream media which means we are going to continue having a great high volatility Tuesday.
True enough, the share price rose by as much as 8% on Tuesday before retracing back to close lower with a red doji candle.
We knew that Tuesday's candle was going to be lower than Monday so I went on to write a lot of puts at what I thought was a relatively safe strike price of $1400-$1500 when the share price was hovering at +7-8% on Tuesday. This was going to be a buffet night and free money on the table after all.
I was expecting volatility to die down midway through the night and true enough it did after that.
I didn't expect it was going to close lower but seems like the options are going to be safe this week with last night candle.
Thank you Uncle Elon and all of Tesla's community.
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