Posted By John W. B. Rich Posted On Comment (2)

Man Buys $900 Tesla Call; Doesn’t Understand Why He Lost Money

Is it finally the top for Tesla?

This man bought a $900 Tesla call option expiring next week for $935. Tesla was trading around $650 near the end of the day Friday, so this option would imply a 38% increase in Tesla stock within the next week.

His call was crushed over the last couple days as the market realizes that $900 by next week is not going to happen.

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