Tesla swung between $416 and $449 yesterday. Despite the wild rally: Put options with a 445 strike recorded a volume of over 84,000 contracts.
This shows: Smart Money is hedging. Volatility remains extreme, and those betting on further swings are exploiting this uncertainty.
The VIX rose 6.92% to 18.38 yesterday — a clear sign of nervous markets despite new S&P 500 highs.
