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Share Price vs Short Interest (in Millions of Shares)

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Data Feeds From Nasdaq

Short interest data comes out twice monthly.

Musk's Tweet set off a controversy when on Tweeted "Am Considering taking Tesla private at $420. Funding secure."

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So here we are. The Tesla share price is $301.66. A year ago, the price closed at $355.90.

In that time frame shorts are 15% ahead but many were likely stopped out on Musk's Tweets.

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Tesla Monthly Chart

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The winning strategy since June 2017 has been to sell strike $360 calls every month and let them go to zero. One could have simultaneously sold strike $260 puts and collected two premiums.

Given the volatility of Tesla that represents a huge amount of premiums collected each month.

Of course hindsight is 20-20.

Finally, blaming the shorts is a poor strategy. Great execution, not broken promises, is the way to take on the shorts.

Mike "Mish" Shedlock