Daily Tesla Trade Alert (2/2/24)

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Well, I said Tesla was going to get battered, didn’t I?

Yesterday, my puts hit 79%.

Well, Tesla keeps getting battered, don’t it. The Wall Street Journal reported that millions of Tesla’s are being recalled in order to fix a piece of broken software.

Tesla is down almost 2% premarket.

Honestly, the candlesticks are such that the price could go anywhere today. But the fact that the 9-day SMA is below the 20-day biases me towards a bearish mood. So, I’m going with puts again today.

Trade Idea:

Price Target: $185

Options Contract: 2 FEB 2024 $180 PUT