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Tesla Call Signal 22 June 2016

Signal details
Entry Price: 
200
Close Price: 
196
Expiry Time: 
20:00 GMT
Result: 
OTM
How we trade
5/5 of 3 ratings

Tesla Motors is making headlines today with its announcement that the firm is going to purchase SolarCity, a company with which the carmaker is aiming to broaden the scope of its business. The news has negatively affected the shares of the company with the stock ranging between $198 and $206 in today's trading in New York.

We are aiming to buy daily call options on Tesla Motors at $200, cause see the decline as an over-reaction to a deal that still isn't approved by shareholders. SolarCity has had financial difficulties and a number of investors are seeing the effort to spend over $2.5 billion as a stretch to the company's balance sheet.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.