Tackle Today: Tesla and Microsoft Earnings
July 23, 2020
Tesla reported earnings on Wednesday after the market close. The price has held up well, trading near $1600 a share in early trading on Thursday. What has not held up well is the Implied Volatility for the options on Tesla. When IV drops, the value of an option drops at the rate of Vega. If you hold options you must learn how to read implied volatility changes.
