Tesla announced a 5-1 stock split yesterday, effective August 21st. Each shareholder will receive 4 additional shares for each one they own. The market reaction has TSLA up $95 to $1,472 this morning. Also, and as a direct result, TSLA is generating a Stochastic Buy Signal (see chart) and will generate a System Buy Signal above $1,440 at mid-session (12:30 pm EDT). A close above the $1540 is yet another Intermediate Term Buy Signal. PRO members: If you are looking for a new entry to TSLA calls, this is it. Please see the coming Premium Service TSLA Alert for discussion of longer-term signals. Stochastic Buy Signal: TSLA ($1472) Option: Oct 16th $2,000C, which will be $400C, after split. ($62 - $64) Additional Call candidates in table (divide strike price by 5 for the new strike price after split).
