Options traders who purchased Tesla Motors Inc (NASDAQ:TSLA) calls a few weeks ago were disappointed when the stock rose significantly this week, but the price of the options didn’t move much at all. The culprit? Volatility traders.
Tesla Motors reaches new record highs
Tesla Motors Inc (NASDAQ:TSLA) reached new record highs every day last week, and while the actual stock prices gained, algorithmic options traders were knocking down the implied volatility and algorithmic sell signals indicated the move in Tesla may be over now, suggesting a retreat in the stock price over the coming months.
It was professional managed futures who first championed Tesla when the stock was trading at $50...
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