$TSLA bulltrend continues? Long call vertical spread!

TESLA smooth RSI confirms the breakout, well defined loss level.


Max profit: $165
Probability of Profit: 60%
Profit Target relative to my CAP: 46%
Max loss with my risk management: ~$100


Req. Buy Power: $355 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 16 (relative low)
Expiry: 51 days


Buy 1 TSLA May21' 595 Call
Sell 1 TSLA May21' 600 Call

Debit Call spread for 3.35db, because IVR is relative low.


Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 100$. Probability of loss in this way: ~20% .

Take profit strategy: 50% of max.profit in this case with auto sell order at 4.2cr. Probability of profit this way: ~80%.

Of course I'll not wait until expiry in any case!



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Trade closed: target reached:

Today closed at 4.2cr in $85 profit.
Markets are slow, now better to wait till the bigger VIX and IVR values.
No position is a position.