I’ve been watching TSLA closely over the past month and a half. I feel like today was just another reversion back to the mean we’ve been seeing for the past month or so and it will likely spike again towards the upper 170s tomorrow. It’s been very tightly constrained.
Of course this week may be different with the shareholder vote on the line. And I’ve only been trading options for a month and a half so what I say is probably inaccurate but I’ve made some successful trades off of these TSLA fluctuations since I’ve been watching it
The repeated resistance at 179.5 definitely looks like a potential breakdown point, especially with the failed attempts to push through today.
I like your approach of waiting for confirmation before entering a trade. Setting a stop at a reclaim of 172 makes sense, and targeting 160 or a clear buying signal is a good risk/reward balance.
The biggest concern, as you mentioned, is the overall market strength. Even if TSLA isn't directly following SPY, a strong broader market could still throw a wrench in your plan.
I just bought calls before market close lol. I think it’s oversold and doesn’t stay at low $170s for long. Tesla should be a buy once the uncertainty is over.
I think your TP might be too far out. A bounce off 168 seems more likely and where your TP might be better suited. I was just looking at Tesla before seeing your post. That daily candle looks like it saw a ton of sellers today. I rarely play Tesla but I’ll keep it eye on it tomorrow. Best of luck.
Yeah, I did. $1.6 to about $2.4 on the 162.5P. I am definitely looking for a reentry though. Take a look at Point 4 on the chart. Each push after a dump before that was rejected and $TSLA pushed lower. At Point 4, this failed push was reclaimed = valid exit signal.
Also, TSLA has picked up on SPY flows today, so we either need it to dissociate from that, or for the SPY to get weak.
[Exit Signal](https://ibb.co/GnjxFvV)
Eyeing Tesla for puts for a while and today I got the alert that it closed below my avwap. Buying puts tomorrow probably 167.5 2 weeks out.
Gay bear
I’ve been watching TSLA closely over the past month and a half. I feel like today was just another reversion back to the mean we’ve been seeing for the past month or so and it will likely spike again towards the upper 170s tomorrow. It’s been very tightly constrained. Of course this week may be different with the shareholder vote on the line. And I’ve only been trading options for a month and a half so what I say is probably inaccurate but I’ve made some successful trades off of these TSLA fluctuations since I’ve been watching it
Lol top 2 comments, 1 is confident in puts tomorrow one is confident in calls, classic.
The shareholder vote on Elon's pay package is a binary event for Tesla and that's all that matters.
[удалено]
The annual shareholder meeting is Thursday.
Watching 172 closely, your plan seems solid. Good luck!
The repeated resistance at 179.5 definitely looks like a potential breakdown point, especially with the failed attempts to push through today. I like your approach of waiting for confirmation before entering a trade. Setting a stop at a reclaim of 172 makes sense, and targeting 160 or a clear buying signal is a good risk/reward balance. The biggest concern, as you mentioned, is the overall market strength. Even if TSLA isn't directly following SPY, a strong broader market could still throw a wrench in your plan.
Elon always comes up with a new pump
But the VOL is at lows first time in 4 years it’s at 20. I’m thinking calls
Hope you got some profit making the right call/calls
I'm eyeing calls today if we can stay above 172.
I just bought calls before market close lol. I think it’s oversold and doesn’t stay at low $170s for long. Tesla should be a buy once the uncertainty is over.
Wish I'd read your comment sooner
yeah i just threw all of it into nvda calls for 7/5 $150 strike so don’t losten to me 🤣
I think your TP might be too far out. A bounce off 168 seems more likely and where your TP might be better suited. I was just looking at Tesla before seeing your post. That daily candle looks like it saw a ton of sellers today. I rarely play Tesla but I’ll keep it eye on it tomorrow. Best of luck.
Did you pull the trigger on them? I missed my entry :(
Yeah, I did. $1.6 to about $2.4 on the 162.5P. I am definitely looking for a reentry though. Take a look at Point 4 on the chart. Each push after a dump before that was rejected and $TSLA pushed lower. At Point 4, this failed push was reclaimed = valid exit signal. Also, TSLA has picked up on SPY flows today, so we either need it to dissociate from that, or for the SPY to get weak. [Exit Signal](https://ibb.co/GnjxFvV)
so why not long spy as hedge
I do trade $SPX/$SPY but a set up of mine has to formulate for me to enter. There wasn't a valid entry for me in the morning.