TSLA put/call ratio hovers near 0.72x without historic volume dip, Gordon Johnson notes

TSLA put/call ratio hovers near 0.72x without historic volume dip, Gordon Johnson notes
TSLA option ratio lacks upside signal

Gordon Johnson highlights that TSLA's put/call open interest ratio has been moving toward 0.72x for months. However, he states that there has not been a notable dip below this threshold in the volume ratio, which has historically signaled major upside moves for the stock.

Johnson suggests that the lack of this typical volume pattern itself serves as an important market indicator.

Johnson has previously questioned the presence of a steering wheel in Tesla's cybercab, suggesting an inconsistency with the company’s claims about its full self-driving technology here. He has also pointed to what he describes as a repeated pattern of ambitious manufacturing promises and notable underdelivery by Tesla here. These earlier observations add context to Johnson's ongoing scrutiny of signals in Tesla’s market activity.

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