Nailed my last analysis on NASDAQ:TSLA hitting $170 or less and wanted to look for an entry for a CALL option to catch a dead cat bounce or better, THE REVERSAL back to $200. Either way, Quad-witching hour is tomorrow so we will definitely see crazy PA on everything. VERY RISKY play and should not put in what you cant afford to lose.
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Deciding to get $200 C exp 3/28. Like I said, VERY RISKY. It broke support and could keep getting ugly which is why i decided to find cheap contract for the "just in case" or "What Ifs".
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Target price will be to see if this gets back to $170 in a couple days.
Trade closed: target reached
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Was up 100% on contracts and decided to close. Still early into the day and this could keep going but just trying to practice good discipline.