Support at $275 and $270, if it breaks $270 then it's headed below $260 for sure on the bear flag target. Chances are pretty good that it'll gap up Monday then tank again. Watch for it Monday....
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Options expiration today, looks like they'll finish this at $270 to wipe out $270 calls and puts.
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Sorry, I meant $275 obviously....
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I may have jumped the gun but I bought puts this morning. I see no compelling reason for anyone to buy TSLA any more.
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Entered no man's land but at the same time it's oversold on the hourly, so expect a bounce here...
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Got stuff to do today, so I flipped my puts this morning. Made profit on a 24 hr trade, good enough.
There's a decent chance that it finds support at 260 then bounces up to 285ish
hungry_hippo
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@chinawildman, I'd wait to $250 - $255 range to go long. $260 is no man's land, it's never bounced there before. Besides, too much bad news and not enough good news for TSLA.
@chinawildman, OK, we'll see what happens next week. I'm betting it crosses below $260.
chinawildman
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@hungry_hippo, Oh I think it'll cross below... just saying it may not hit 250
hungry_hippo
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@chinawildman, $256 is the bear flag target. If I go into this trade, I'm flipping the puts at $260.
hungry_hippo
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@chinawildman, you may have been right, looks like $263.46 was the low. I flipped my puts this morning because it didn't gap down much on bad news. Tesla tends to bounce around a bit, so it may go lower but I wasn't going to stick around with weekly puts.