News Formal

Traders are stocking up on Tesla 'crash protection' ahead of the electric-car maker's Q1 results

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Investors are mounting bearish bets ahead of Tesla's first-quarter earnings this Wednesday.

are mounting ahead of the electric-car maker's highly anticipated first-quarter earnings due out on Wednesday.

These trades are bets that Tesla shares could fall below $230 or even $200 a share — a level they haven't seen since December 2016. Shares were trading just above $263 apiece early Monday. "The Apr26 flow trading may be viewed as a type of 'crash protection' in that an investor now has the right to sell 500k shares if stock is $200 or lower at the end of this week," Alison Edwards, a derivatives strategist at Susquehanna, said in an email to Markets Insider.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's a short sellers dream!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Tesla Twitter, where legendary short-sellers and amateur investors gather to trash and praise Elon Musk’s electric empireHow Twitter became the hottest battleground for Elon Musk's Tesla, which might be the world's most polarizing company.
Source: BusinessInsider - 🏆 729. / 51 Read more »