TSLA Gamma Thanksgiving Update

Total gamma increased by 11M to 49M Thursday end of day, which is slightly bullish and the first increase in 5 days. The chart itself is pretty straightforward: Between 1105 (first major put barrier with -9M gamma notional) and 1125 (first notable call barrier with 3M gamma notional) we are sort of just "hanging in there". Dealer flows will be minimal in this zone, so market participants will be on their own. In order to generate some upward momentum TSLA needs to move above 1125 and then ideally further on towards 1150 where we have our first major call barrier with 8M gamma notional.

For more color yesterday's TSLA related headlines:

- Tesla sends buyers notices about delayed deliveries, according to Electrek
- Tesla China prices will rise in 2022 due to lower subsides, according to Inside EV
- Cathie Wood thinks Tesla CEO Elon Musk's financial advisors are telling him to take profits and diversify. Self driving cars are very hard work, she would be surprised if Apple (AAPL) car would come to market by 2024.
- Latest Form 4 filings from Tesla released last night show that Musk exercised options to buy 2.15 million shares before selling another 934,091 shares of Tesla worth $1.05 billion.

Happy Thanksgiving!
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