Watch for tesla to test $170 support and buy some OTM short exp puts to scalp probably 2 weeks out. Will sell if it bounces off and buy calls for the reversal within this channel.
Trade active:
Got a small positing after hitting $180. $150 P EXP 3/22. PA struggled to hit $180 all day. Hoping thats a sign of weakness and pull back tomorrow. Will watch to see if it pulls back to $170 and decide whether to sell depending how it reacts to the trend.
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Hoping its stays at this level in hopes for a bigger drop tomorrow. But I wouldnt mind a rug pull right now either haha.
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Aiming to sell once it hits $170 or if account is up 20% which ever hits first.
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Alot of market hype Monday and today. We did see a sudden drop towards $173 but PA came right back up. Was hoping to sell today but staying optimistic on todays PA. Hoping that sudden drop this morning is a sign of weakness and will watch closely tomorrow.
Trade closed: target reached:
Closed contracts @ 160% up. Now to wait to see what happens. Will be watching for entry to get back to $200. GG