EliteTrader101
Short

Tsla over priced

NASDAQ:TSLA   TESLA INC
30 0 1
Today's price action worked out perfectly as i have expected, except for the fact that it took all day to get my level. Sell any pullback below the red level, stop above $221, final target is $150 area. Tsla             has been weaker than the market for several months and most large funds see fair value for buyers at $150. Options were cheap all day until the last hour when a big seller stepped in and spiked the volatility with their sell order. I'll be adding to my short positions on any pullback on the open.
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