The Original Gamma (OG) Squeeze - TSLA [symbol="NASDAQ:TSLA"]

1 nov. 2021

Since earnings, TSLA has been seeing higher-highs without a pullback. Option volume has been extremely high in recent times. The very light resistance that the equity encounters tends to be based around the option market, which so far has then turned into massive momentum after breaking through that value. Barriers appear to be occurring around high open interest call strike prices with short durations. For example the 900, 1000, 1100, and 1200 have all been impactful regions; specifically when 900 was passed, calls sold had to be covered which resulted in large buybacks. The question remains how long this will continue, as the implied volatility has risen significantly making call buying more expensive and potentially risky in the short term.