Can buy put option tsla expiry as 15th nov ..strik rate 340

Given the circumstances surrounding Tesla's stock price and the broader market trends, it appears that the put option with a strike rate of $340 for Tesla (TSLA) expiring on November 15th may not be available or viable. Here's why:

1. **Tesla's Post-Election Surge**: Tesla's stock price has surged since the election, with the stock increasing by 8.96% on November 12, 2024. This surge has led to a significant increase in Tesla's market value, with the company surpassing a $1 trillion market capitalization for the first time since April 2022.
2. **Analyst Ratings and Price Targets**: The consensus rating for Tesla is "Neutral" with an average price target of $232.86, which is below the current trading price. This suggests that analysts do not see an immediate upside potential for the stock, which could make it less attractive for put option buyers looking for downside protection.

3. **Market Sentiment and Recent Performance**: Despite the recent surge, Tesla's stock has experienced volatility, with a 3% dip on November 12, 2024, as part of a broader cooling off among hot trades following the election. This volatility could increase the cost of the put option and the risk for the option buyer.
4. **Elon Musk's Influence and Net Worth**: Elon Musk's net worth has grown significantly since the election, fueled by Tesla's 41% jump in stock price. Musk's influence on the company and the market could further impact the stock's price, making it more difficult to predict and hedge with a put option.
5. **Microstrategy and Bitcoin**: The U.S. stock market displayed a robust performance on November 11, 2024, with the Dow Jones index soaring by over 300 points and the NASDAQ and S&P 500 indices also posting gains. The performance of cryptocurrency stocks, including Bitcoin, could influence market sentiment and potentially impact Tesla's stock price, adding further uncertainty to the put option.
6. **Economic and Political Factors**: The political climate, with the election of Donald Trump, could lead to changes in government policies and regulations that might affect Tesla's business and stock price. Additionally, the company's own strategic moves, such as the potential Gigafactory in Mexico, could be impacted by the political landscape.

Given these points, it is important to consider that the availability and viability of the put option with a strike rate of $340 for Tesla (TSLA) expiring on November 15th may be limited by the stock's recent performance and the broader market conditions. It would be prudent for investors to assess the current market sentiment, analyst ratings, and the potential for further volatility before making a decision to buy a put option.