Tesla options expiration $200 support

Tesla options expiration $200 support

Figure 1. With the majority of call and put options mixed up in the $200 range, if the stock price falls below $200 the put options attract while realizing the profit,

If the stock goes up above $200 the call option will realize the profit and pull the stock into the $200 range

It serves as both a support line and a resistance line.

Of course, the variable here is when the call option and put option focused on $200 move elsewhere,

The $200 call option is 3.16k
The $200 put option is 3.26k

I think the stock will probably close around $200 as the call and put options on the other side continue to move to $200 over time.