Daily Tesla Trade (2/16/24)

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)

Holy gap up Batman!

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%.

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.

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