I want to point out a couple of things.

There were more puts sold than there were puts bought by almost 40k contracts – that’s not a small number.

In trading these puts, traders pocketed over 62 million dollars in premium.

Call buying was just the opposite; traders bought 40k more calls than they sold. Again, that’s a big number.

When we add everything together … traders net sold almost 50 million dollars and got long 2.1 million deltas (shares of TSLA) using options.

This positioning reflected a bullish stance, but more of a “this stock is not going to drop” approach to earnings.

This type of positioning is something we are going to be weaving into 0DTE in the coming days. Stay tuned … we have something fun coming.

I’ll be looking at TSLA first thing today … so make sure to join me and my team live at 10 a.m. ET – I am guiding you through this mess every day.

Let’s Recap Yesterday’s Trade

No trade but I wish I did a super overnight. I like the market up this week.

…Today’s Outlook

Between TSLA earnings and Trump not firing Powell, we have a recipe to retest 5400 this week. It might be today.

Call Ted if you aren’t currently a member – 888 872 3301.