Although Tesla bounced back 100 USD from the lowest price of the day(700), let’s look at it with more details.
Option wall: 700-900 Maximum Pain: 830 While Tesla is ranked 1st between all the stocks and second on options trading, market makers could have lose a lot if Tesla were closed below 700. On the other hand, the closer to the 830 the more they will make..!
Moreover, Tesla falls 43% below its all time, during the pandemic it showed it could go down as much as 63% from its previous high..!
Best,
Dr. Moshkelgosha M.D
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