Nice gap, nice volume, nice down trend. Bull candle closing below the 10 ema.
If this trade doesn't work, me Zach Johnson and Daniel P must buy CROX and ONLY WEAR THEM for 3 weeks, no other shoes allowed in any environment,
Be long, aggressively buy dips. I will lose 20R on GOOGL if it ends up closing below $2,500.
I'll position myself into shares. I will only get into long calls / bull call spread (debit spread) later in the day, not AT open.
I'll also plan some bull put spreads as well. Putting some risk behind this move!
Might have to play this one with puts. This entry bearish will be my bullish exit on a position I Got into on the breakout.
Could even do a bear put spread? It's certainly worth watching. Obviously it could just chop around and trade sideways...
I now have 700 shares. Been accumulating.
This is the 4th covered call I've done.
I have no qualms getting called away in Nov at $30. LIKELY happens if we get a good earnings gap.
EVENTUALLY this stock breaks out strongly in one direction or another.
I'll buy to close this call sale given the opportunity to win on it.
I JUST bought back my October 15th 2021 $820 call sale against my shares and long calls on TSLA. I sold for $10.40, bought back for $3.30 for a $7 Realized gain.
Now, I'm selling the November. $900 for 12 limit. My goal is to buy to close these calls before November expiration. THIS IS over earnings... but my expectation is earnings will come out and TSLA will...
The stock is forming a shark pattern and is near its prz zone.
Keep an eye on the price action, might be a good swing trade, considering the strong higher timeframes ( daily weekly, monthly all are trending up)
the Similarities of these two charts is insane.... Will we continue higher or will we fall lower here?
What are your thoughts? I believe we will turn bearish again and retest these lows again....
