TSLA - OTHER TREND LINES - WHERE ARE WE? - OPTIONS
Updated
All,
I think worth noting TSLA does have some serious support here or 600-640s and you can see why it's bouncing hard in some spots which are confluence support areas. I am not necessarily 100% bullish on TSLA. Obviously reading articles / tweets you can get the sense TSLA is in a tough spot, but definitely should be higher on ER etc. I think you are seeing the 0.9 Put/Call ratio as a sign of indecision as well.
Currently holding (2:1 Call to Put Ratio) : I may swap out today if it drops further and stay 100% puts and buy calls later after drop finishes. I do want to see how 660s/650s play out here.
Weekly May 7th Calls (just got them super cheap at 678 yesterday still profiting even with Pre Market drop)
Weekly May 14th Put
I think worth noting TSLA does have some serious support here or 600-640s and you can see why it's bouncing hard in some spots which are confluence support areas. I am not necessarily 100% bullish on TSLA. Obviously reading articles / tweets you can get the sense TSLA is in a tough spot, but definitely should be higher on ER etc. I think you are seeing the 0.9 Put/Call ratio as a sign of indecision as well.
Currently holding (2:1 Call to Put Ratio) : I may swap out today if it drops further and stay 100% puts and buy calls later after drop finishes. I do want to see how 660s/650s play out here.
Weekly May 7th Calls (just got them super cheap at 678 yesterday still profiting even with Pre Market drop)
Weekly May 14th Put
Comment
Well well well looks like we got a bounce right on trendComment
Well we all know what has happend with TSLA after this chart LOL failures in countries/wrecks/DMV/Tweets -- yeah ROUGH
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