This is serious!
It's terrifying upon reflection - the large bullish position of 32,000 Tesla call options has exited.
$TSLA$
Recently, many deep out-of-the-money put options have appeared on mainstream stock opening position lists, such as puts around 250. Compared to normal correction expectation layouts, these seem more like lottery tickets, which I dismiss with a laugh.
Moreover, bullish institutions just rolled over their 380 call options on Monday ($TSLA 20250221 380.0 CALL$ ). The market shouldn't be so disrespectful as to crash before Trump takes office, right?
However, this large position of 32,000 contracts was closed on Thursday:
Unlike NVIDIA, which rolled from 140 to 125 while reducing position size and continued holding calls at a lower strike price, this position was completely closed. As shown, the open interest for the 380 calls is now only 4,847.
After seeing this large position closure, I quietly closed all my short puts and bought back the 400 puts I had before.
I don't know what situation could cause institutions to change their stance so quickly, which is quite unusual. I suggest everyone take protective measures as well.
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