If you haven`t bought the trend reversal move: or the Bullish Pennant Pattern:
Then analyzing the options chain of TSLA Tesla prior to the earnings report this week, I would consider purchasing the 280usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $21.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
TSLA reached $261.20 after earnings, and the Puts went from $21.65 (when I wrote this article) to $28.95, resulting in a decent 35% gain! Congrats to those who held the Puts!
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