for week of 1/9-
Short TSLA at 220ish. Buy 220, 222.50, or 225 puts.
If TSLA > 220, stay out, exit short position.
if TSLA near 210 before 1/9, close short position.
if TSLA < 210 before 1/9, close short position, go long position with 200c.
for week of 1/16-
Short TSLA at 210ish. Buy 210, 212.50, or 215 puts.
if TSLA > 210, stay out, exit short position.
if TSLA near 200 before 1/16, close short position.
if TSLA < 200 before 1/16, close short position, go long position with 190c.
done.
now, lets see what happens.
tb
UPDATE: JAN 6, 2015
TSLA price movement:
Target of 210 met.
gap filled at 205.
1 comment:
TSO closed on Thursday at 210.60.
I would only day trade TSLA tomorrow if > 215 or < 205.
Also, USO has huge OI at 20 and 22to expire next Friday, jan 16,
USO is currently at 18.55.
that's a 10% move from here to pin those options, which should rally: XOM, HAL, RIG, CVX, COP to name a few.
tb
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