Daily Tesla Trade Alert (1/26/24)

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Yesterday, Tesla dropped like I predicted. More than I expected, actually.

Look at the big drop! Whoah baby. I think Tesla will continue to drop, however, after a drop that big, there will be a period of retracement most likely. So, the trade today will have to be monitored closely for an exit point, since it’s a call, and I’ll want to make sure i get out before the price starts to drop again.

Trade Idea:

Price Target: $195

Options Contract: 26 JAN 24 195 CALL