TSLA
looks to be close to making a short term bottom. Thinking we could see price find support in the $131-137 range and then with earnings see a push to $200 or so.
TSLA
has been the leader to the downside and it looks to be nearing exhaustion. Would make sense for the leader to the downside to end up being the leader to the upside should the reaction to earnings be positive. Let's see. This week should be telling on the directional move for equities.
Comment:
Since we haven't hit the lower range yet, I won't take longs yet.
Comment:
Big move up on bad earnings, will be shorting this down to the bottom.
Comment:
Bought a bunch of lottery tix. 4/26 $141P... let's see if it hits by end of week.
Comment:
Bought some $4/26 $149P as well and some 5/03 $120P (don't anticipate it getting this low, will sell on a big down leg though).
Comment:
Bought $177.5P for 5/3 expiration
Comment:
Going to buy $138P for 5/10 at open. Still of the mindset that we see the lower support get tested before the full move higher begins, either to the $201 level or to the upper resistances $240-$270.
Either I make a lot on this idea, or I'm completely wrong, but we'll see in the next week.
Either I make a lot on this idea, or I'm completely wrong, but we'll see in the next week.
Comment:
Bought 100 contracts
Comment:
$177.5P now in profit.
Comment:
Added 50 more contracts to $138P 5/10
Comment:
$138P now in profit.
