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