TSLA reports earnings tonight, and there is a ton of options gamma to generate a large move tomorrow. We define key levels for the stock as follows:
- Lots of Gamma at 1500 – thats the “pivot” area where stock remains a bull above, bear below.
- There are a ton of in the money calls at $400 likely related to TSLA convertible bonds. We also understand that there are many warrants in the $700 area.
- Gamma tails off around 2000 which may be an upside target on positive ER.
You can see these levels have been important to the TSLA stock in the last year.
