Shares of Tesla rose in U.S. forward trading on Thursday, extending recovery from this week's decline, but analysts pushed the stock forward after a sharp rise in derivative positions and halted its full return. Given
Shares of the electric carmaker rose nearly
22 percent to $373.50 in premarket trading, set for the second straight day of
gains following the previous session's 11 percent rally.
Shares of Tesla fell 21% on Tuesday - the
biggest one-day decline in the record - after a surprise drop in stock from the
S&P 500.
Earlier this week, Self-cleared $75
billion from the company's market value, which revolved around massive betting
on Tesla's options by retailers and institutional traders during a four-fold
increase in stock since March. Increased due to built-in hedges.
Peter Garnry, head of equity strategy at
Saxo Bank, said: "The extra good in call options has suddenly fallen on a
massive scale and you got this turn last week.”
The volatility in Tesla's options is close
to 100 percent, which has led many speculators to invest in cash through the
spread structure and the massive buying and selling of stocks in the coming
days. Possibly affected.
More than 100,000 Tesla call options - the
right of buyers to buy stocks in contracts - have traded on average over the
past three sessions, up more than 30 percent in recent weeks, a London-based
trader said. A businessman living in said.
Nevertheless, the sudden rise in borrowing
of Tesla shares by short sellers is releasing ٪ outstanding shares, which shows
that there is a great deal of war going on between the bulls and the bears.
"I think they (short sellers) are
definitely smelling blood," Garnry said.
Tesla is not alone. Apple and other major
technology stocks have also seen their options volume skyrocket and stock
prices fall this week, prompting investors to make large-scale option purchases
through retailers and Softbank Group Corporation <9984.T> What is the
reason for the joy of August and September. step back.
Garnry added, "This was learned in
risk management (for retailers) ... I think now the US election will also be
jeopardized as it will be the center of attention in terms of risk. ۔ "
He believes that US stocks can trade from
here anyway.
Wall Street's biggest players, however,
see the tech-led sell-off as a commotion rather than the beginning of a long
slide, and they don't see it as a reason to run for the door.
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