Tesla shares experienced a significant rally, surging 16% in intraday trading, marking the most substantial increase in three years. This rally followed a recent earnings report that led to a 15% increase in Tesla's stock value. Traders responded actively, with notable call buying activity in options, including strikes at 162.5, 165, 167.5, and 170. Additionally, specific trading levels such as the $158.30 morning gap low pivot were highlighted as crucial for maintaining the stock's upward momentum.
Sources
Ripster
$TSLA Respecting all Levels this morning on longs Shoutout @VDTrades , that 158 level buyer helped today @TENETTRADEGROUP https://t.co/P3GAmeewbU
MajorTom There it is, right on time like clockwork... seems to happen every time, the face ripper after $TSLA been declared dead. $27 in 2 days. 📈 https://t.co/YHC9Vd4red https://t.co/zpnHSp5loH
Pharmdca $TSLA up 15% rally after earnings.