OptionsRising

$TSLA swing calls to close before earnings Wed. after close

Long
OptionsRising Updated   
NASDAQ:TSLA   Tesla
Price rose Monday morning and is consolidating into lunch. If price continues rising over 221-222 it may move higher based on the hourly indicators. RSI is over 50 and must move higher. Stochastic %D is currently green and rising.

I bought one weekly 240 call for 2.38. If price does not move higher before close today, or if option falls to 1.95 stop loss, I will sell the cal for a small loss. Otherwise I will hold position overnight.
Trade closed manually:
Sold call for 2.30 - price may pullback more and it could not rise over 200sma on 15m chart. Not worth overnight risk.
Comment:
Markets have been so controlled and volatile I avoided swing calls. Instead bought calls this morning for a day trade @ 3.45. Even though price was sideways IV increased so was able to sell before close @ 4.50.
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