1.04.2015

TSLA trading plan... Update 1/6/2015

TSLA trading plan for next 2 weeks is based on Open Interest (OI), and where I suspect the MM (market makers) will take this stock price by the end of this week, and the following week. Having this plan in place ahead of the trading week gets me prepared.

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:

traderbean said...

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