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That Pungent Musk

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

This is getting beyond silly. It’s hard for me to believe that it’s psychologically possible for anyone to still be short this. I am speaking, of course, of Tesla, whose market cap is approaching $300 billion.

Its options market is, naturally, totally goofy. The October calls a full thousand dollars above the current price are yours for only $18,685 per 100 shares. Just look at this……..

Oddly, the puts that are a full $1,000 below the present price are not zero, which is mind-boggling.

Here’s the price cone animation.

Meanwhile, the QQQ overall, as shown by this weekly chart since mid-March, is full-on apeshit crazy.

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