That Pungent Musk

By -

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.