TSLA drops to the price where it was added to the S&P 500 Index
This morning, we saw TSLA move to the price zone where it was added to the S&P 500 Index on December 18 - December 21st.
As expected, that zone proved pivotal. The activity in the TSLA Option Chain near that zone was enormous.
It's always good to be aware of pivotal event zones in the market, such as when a stock gets added to a major index (and therefore enters the portfolios of the biggest mutual funds in the world: the S&P 500 Index Funds).
As expected, that zone proved pivotal. The activity in the TSLA Option Chain near that zone was enormous.
It's always good to be aware of pivotal event zones in the market, such as when a stock gets added to a major index (and therefore enters the portfolios of the biggest mutual funds in the world: the S&P 500 Index Funds).