Daily Tesla Trade Alert (2/2/24)


Get Free Stock Picks via SMS by Signing Up Below!

I would like to receive timely trade ideas and stock watchlists from Trader's Alley at the phone number provided. Message frequency varies. Message and data rates may apply. Reply HELP for help or STOP to cancel.(Trader's Alley SMS Terms of Service & Privacy Policy)




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



NEXT: