TSLA looks to be close to making a short term bottom. Thinking we could see price find support in the $131-137 range and then with earnings see a push to $200 or so.
TSLA has been the leader to the downside and it looks to be nearing exhaustion. Would make sense for the leader to the downside to end up being the leader to the upside should the reaction to earnings be positive.Let's see. This week should be telling on the directional move for equities.
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Since we haven't hit the lower range yet, I won't take longs yet.Note
Big move up on bad earnings, will be shorting this down to the bottom.Note
Bought a bunch of lottery tix. 4/26 $141P... let's see if it hits by end of week.Note
Bought some $4/26 $149P as well and some 5/03 $120P (don't anticipate it getting this low, will sell on a big down leg though).Note
Bought $177.5P for 5/3 expirationNote
Going to buy $138P for 5/10 at open. Still of the mindset that we see the lower support get tested before the full move higher begins, either to the $201 level or to the upper resistances $240-$270.Either I make a lot on this idea, or I'm completely wrong, but we'll see in the next week.
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Bought 100 contractsNote
$177.5P now in profit.Note
Added 50 more contracts to $138P 5/10Note
$138P now in profit.Note
Rolled the options to 5/17Note
Options now up 45%Note
Added 5/31 $150 PutsNote
Continuing to add to the $150P position. Let's see... I think it can likely get up to $186-187, then reversalNote
Reversal played out at $186. Now let's see if we get the move down next. Added even more puts today.Note
Closed my position. Going to reopen next week. Think the move down likely happens next Thursday. Chop until then.Note
Added 20 6/14 152.5P on the pop higher this morning 181 for $.51. Up 13% so far, let's see what happens with PCE tomorrow.Note
Out of all TSLA puts, looking for higher targets. Price now breaking out of the trendline.Note
Note, price still hasn't broken out of the trend line. The next few days will be key to determine directionNote
TSLA looks like it wants lower before higher. I still think the $137-131ish target is valid. Let's see if it gets tagged over the next couple of weeks.After that, I think there should be a strong bounce above $200.
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Bought some $150 puts today on the move up in the morning for a 7/19 expirationIdea is the same, just got the original timing of the move down.
Probably going to continue to add if we push higher over the next 3 days.
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Added more today. Now double top if it can't break this region.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.