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BrendanMullan

Bump and Run Reversal

Short
Tesla (NASDAQ:TSLA)  
BrendanMullan Updated   
NASDAQ:TSLA   Tesla
8
0
Textbook bump and run. Doesn't get any prettier than this. Awaiting confirmation.
Trade active:
Played a bear call spread from 370 to 335 and got out waiting to see if there was a bounce. Bought my puts about 30 minutes before close when it was clear there was no hope.

Thanks Goldman Sachs
Comment:
Looks like the throwback might be over. We may get a run to 340 before heading back down again.
Comment:
Watching the 310 level as the shoulder line of a head and shoulders pattern.
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