Hello!
Last week on the Orbit we talked about the potential for a SPX bounce after a 5-6% move lower from the highs with comparisons to last August. Today we look at how this bounce could play out and what levels to look at next, as well as what happens to option premiums. We also look ahead to Tesla earnings with options pricing about a 9% move, in an environment where the stock has been moving 20% on its own.
Hope you enjoy!
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Based upon publicly available information derived from option prices at the time of publishing. Intended for informational and educational purposes only and is not any form of recommendation of a particular security, strategy or to open a brokerage account. Options price data and past performance data should not be construed as being indicative of future results and do not guarantee future results or returns. Options involve risk, including exposing investors to potentially significant losses and are therefore not suitable for all investors. Option spreads involve additional risks that should be fully understood prior to investing. Securities trading is offered through Options AI Financial, LLC, member FINRA and SIPC
