TSLA Short / Put Options Recap Volume Profile Strategy SHORT
TSLA is shown here on a 30-minute chart. Utilizing only a volume profile indicator and stray
fundamental related news, TSLA was watched for a short entry in consideration of the antics of
its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China
and China's recession I opted to look for a short entry. Analysis, trade entry and trade
management and trade close are on the chart in a text box. This idea and recap of TSLA
short shows the utility of volume profile analysis in making a very profitable short trade on
TSLA which uses a precise entry after confirmation and the same for the exit. As such, this also
makes possible very profitable options trades with near-term expirations to optimize the
value of thorough analysis before the trade combined with a tight entry and good follow
through to make for high profit with less risk. Using TVs alerts and notifications this trade
was managed with little screen time making for a high profit yield per hour of effort.
Rinse and repeat as they say.....
fundamental related news, TSLA was watched for a short entry in consideration of the antics of
its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China
and China's recession I opted to look for a short entry. Analysis, trade entry and trade
management and trade close are on the chart in a text box. This idea and recap of TSLA
short shows the utility of volume profile analysis in making a very profitable short trade on
TSLA which uses a precise entry after confirmation and the same for the exit. As such, this also
makes possible very profitable options trades with near-term expirations to optimize the
value of thorough analysis before the trade combined with a tight entry and good follow
through to make for high profit with less risk. Using TVs alerts and notifications this trade
was managed with little screen time making for a high profit yield per hour of effort.
Rinse and repeat as they say.....
Trade active:
Upcoming will be watching TSLA for a reversal and perhaps a double bottom or
"W" pattern to convince me it is time to close the position
"W" pattern to convince me it is time to close the position
Trade active:
After the 23Q4 earnings good cause to add to the position but risk management says
leave it alone as a reversal seems to be more given the descent into lower support.
leave it alone as a reversal seems to be more given the descent into lower support.
Trade active:
TSLA popped more OTM puts striking $175 from a current price of 185 got a better price on the jump.