Daily Tesla Trader (1/29/24)


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So, last week was pretty good for our Tesla trades.

Pretty much played straight puts all week. But I think things will go a little different this week.

You can see on the chart that the 9-day is still below the 20-day.

But this is a big week in the tech world. Five of the “Magnificent Seven” — Apple, Google, Meta, Microsoft, and Amazon — all have earnings coming out.

In anticipation of the earnings reports, prices are likely to rise across the market, and particularly in the tech sector. I believe Tesla will be pulled along for the ride, especially after such a long down-period.

Trade Idea:

Price Target: $190

Options Contract: 2 FEB 2024 $190 CALL



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