EngageTheTrade

TSLA oversold lotto play

Long
EngageTheTrade Updated   
NASDAQ:TSLA   Tesla
TSLA touching the bottom of the trend at the close today, looking for a sell off or weak open to enter with a $100 or less far SEP22 call for a lotto play, with a price target to the top trendline, or with enough volume a break of that. I've seen gains of 40x or more on options the day of expiration, even if the stock only goes up 1-2%. Well worth the risk, just don't throw more than you're will to lose at it. Risk is to 0, reward is double your money or more. VERY RISKY, so I repeat, don't throw more than you're ok with losing at it.
Comment:
I avoided it at the open due to the immediate spike. Ended up getting SEP22 .70 calls and selling for .95 each near the bottom of the initial drop. Props to anyone who bought puts out of the open. 357.5 strike price gained 167x on the day. Wish I was following your plan @stvkro!

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