Shorts leaned hard and got teslasized into the close . Shorts having nightmares . 3800 next week?

Discussion in 'Wall St. News' started by SammyJ, Dec 18, 2020.

  1. Nine_Ender

    Nine_Ender

    Options expiry most certainly weighed on the market all day and then a late relief rally is pretty standard ( most expiring option holders get out by 3 or 3:30 pm ). I used to trade options heavily the monthlies tend to force many stocks against trend on expiry day. Monday's following often open up higher if no other overriding news occurs.
     
    Last edited: Dec 19, 2020
    #11     Dec 19, 2020
    BeautifulStranger likes this.
  2. SunTrader

    SunTrader

    Any day now Musk, while smoking a fattie, will contemplate doing another split. :D

    Ahhh but maybe he'll give it some time to percolate before deciding whether to burn remaining shorts. Of course then that just might be the top.
     
    #12     Dec 19, 2020
  3. SammyJ

    SammyJ

    Musk worth $167 billion on the heels of Bezos . TSLA a very resonable 1330 p/E . I’m sure Chanos has lost 30-50% of his fund the last 12 months shorting it . Cramer still cheering it on .
     
    #13     Dec 19, 2020
  4. Overnight

    Overnight

    It's not the first time it has happened for those reasons. Also, look up "quad-witching".
     
    #14     Dec 19, 2020