Holy gap up Batman!
![](https://tradersalley.com/wp-content/uploads/2024/02/TSLA_2024-02-16_08-29-18-1024x622.png)
Tesla rose just like I thought it would yesterday, and the call options I recommended would have paid off handsomely. The calls $195 I sent as a trade idea earlier in the week are up 114%.
![](https://tradersalley.com/wp-content/uploads/2024/02/Screenshot-2024-02-16-at-8.53.13-AM-1024x42.png)
Today, I think we’re looking at more of the same.
Tesla is trading at $202 premarket.
However, it ended yesterday far above the VWAP.
![](https://tradersalley.com/wp-content/uploads/2024/02/TSLA_2024-02-16_08-33-53-1024x622.png)
So, I expect a period of retracement at open. I’m looking for Tesla to fall to about $195. Then I’ll execute my trade idea.
Trade Idea
Options Contract: 23 FEB 2024 $205 CALL