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TSLA bear put vertical options play for 1/27I know this is a little late. But yesterday on the live stream I was mentioning the idea if TSLA gapped up over 158 from earnings I would to pick up a bear put vertical for 1/27. Well as we have gotten closer to the market opening on 1/26 TSLA has moved up and gotten closer to 160. I'm gonna look to get 155/152.5 bear put vertical for 1/27. Gonna wait about 15-20 at least to let volatility come down in options prices and possibly wait for it to run to 165 and look for a reversal pattern. TSLA up over 50% in the past month.
NASDAQ:TSLAShort
by Options_Trading
Let's talk about Elon & Tesla...Happy New Years people! 🎇 🎉 Starting 2023 off with another one of our Nostradamus style predictions. 🔮 Since Elon's massive selloff, speculation around Tesla has heated up. So we figured we'd throw in our two cents... Looking at the Tesla and SP500 daily charts here, we can see a few potential scenarios playing out. We've mapped some key levels; the major 2020 support of $60, the $80-$120 zone it recently dipped into, and the bounce zone of $130-$160. After the Elon-induced selloff, we saw a very nice bounce with 3 green candles last week. Definitely some short-squeezing taking place before years end. This bounce can easily make a run back up towards $130 if we see a sustained pump across equities. 📈 Of course, which direction Tesla will move in the short-mid term depends on the stock market as a whole. That's why we included (as always), the SPX. We can see a clear bounce off the top of the channel on the SPX that took place in early-mid December. We've crabbed along the last week or so, and our gut tells us a broader sell-off might be incoming in Q1. 📉 If you're a long-term older of Tesla, setting up a dollar-cost average grid on the way down in that $80-$120 zone, might not be a bad idea. 💪 Especially if we really nuke down towards the $60 major support. Long term we are VERY bullish on Tesla and all things Elon, but we might see some great buying opportunities here in 2023. Eyes peeled.👀 -TucciNomics Chief Overlord, AlgoBuddy
SP:SPX
by QuantVue
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