First up Schaeffer's Investment Research:
Eleventh-Hour Bears Rush Struggling Tesla Motors, Inc. (TSLA)
Tesla Motors Inc (NASDAQ:TSLA) has been stair-stepping lower for some time now, dropping 36.5% since its record high of $291.42 on Sept. 4. This trend is continuing today, with the shares off 2.7% at $185.21, trading at their lowest levels since early May. Options traders are wasting little time to bet against the struggling electric automaker, as 53,000 puts have changed hands so far today -- twice the amount normally see at this point in the day.And from Slope of Hope:
Specifically, TSLA's short-term contracts are in high demand, with nine of its 10 most popular contracts expiring at the close today. Leading the way is the weekly 3/27 185-strike put, which it appears traders are buying to open, hoping to see the stock fall below $185 by today's close. TSLA's current intraday low stands at $184.13.
Today's put buying is nothing out of the ordinary for TSLA speculators, as they've taken a pessimistic stance as the stock drops further....MORE
Tesla Prepares to Baumgartner
I was already short TSLA. I added some more. This company remains jumping-up-and-down overvalued, and the pattern has now failed. Bombs away, Elon!
