Been watching TSLA since I wrote my post about it on 3/30. It recovered from it low of 245 on Apr2 and peaked just over 300.
A good candidate for a straight option, but option prices are very high. TSLA dropped back into MD on the 60min chart yday, so I decided to do a Bear Credit Call Spread because of the open interest.
Sold a Apr 27 315 c for 2.84 and bought a 320 c for 2.04. Net credit .80.
Another Class 3 short term spread
TSLA closed at 291.21 and is now trading at 283.44. Bad news about productin last night helped the gap.
Trade the Charts and not the Heart - Expect the trend to continue until it doesn't - Realtime is the real deal
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