To The Moon

UnitedHealth stock got a much-needed boost after Warren Buffett’s Berkshire Hathaway disclosed it had loaded up on the health conglomerate’s battered shares. The stock closed up nearly 12% to $304 on...

Tesla stock fell—hard—on Thursday after one analyst said he expects shares of the electric-vehicle maker to move lower, and soon. Did we mention he’s a long-term bull?

Tesla Inc stock is off 24% since early July and fell further after the July 23 release of its Q2 results. It has been treading water lately below $200 with high put option premiums. That is ideal for short sellers as an income play - selling short out-of-the-money puts in nearby expiry periods.In mid-day trading on Monday, Aug. 12, TSLA is at $197.38, down 23.4% from $257.86 on July 10. However, since the end of June 30 it has stayed flat at just under $200 per share.Nevertheless, the stock's put option premiums are very high. Short sellers can take advantage of this by shorting them in near-term expiry periods.That provides extra income, especially for existing shareholders who also could gain from any increase in the stock price. One reason is that Tesla stock looks cheap here.For example, look at the Sept. 6 put option expiration period, which is just over 3 weeks away . It shows that the deep out-of-the-money puts still have high premiums. That makes them ideal as income plays.

In the second quarter, Tesla produced approximately 411,000 vehicles and delivered approximately 444,000 vehicles. We deployed 9.4 GWh of energy storage products in Q2, the highest quarterly deployment yet.Shares jumped 4% after announcing Q2 deliveries.

June 12 - Space tourism company Virgin Galactic announced a 1-for-20 reverse stock split on Wednesday, sending its shares down 14% in extended trading.The stock split is expected to go into effect on June 14 after markets close and resume trading on a split-adjusted basis after markets open on June 17.The company is planning the stock split to meet minimum share price requirements to continue listing on the New York Stock Exchange, Virgin Galactic said.The company's shares were trading at 70 ce