Tesla has a current put/call ratio of 0.69. Anything below 0.7 and falling is considered bullish. Earlier today we were at 0.78.
Tesla was the most active stock in the market today and I suspect the "Green Initiative" Biden is pushing could help bulls out there.
Vehicle registrations in California have also risen over 85% in Q2 with Model Y registrations up over 700% to 13,581.
As we head into earnings there is also the speculative aspect with bitcoin catering. It will be interesting to see how the mark to market accounting works here with Tesla's ownership in bitcoin. I would also put it at a non-zero event to potentially see Elon acquire some other obscure cryptocurrency (hint hint Dogecoin), but would put that at under 5% probability.
What do you guys think?
No comments:
Post a Comment