Daily Tesla Trade Alert (2/20/24)

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Tesla is down hard, 1.5% premarket. A red candle on Friday, plus a low bottom wick means that sellers are still lining up in big numbers.

Could go either way at open. Here’s two trade ideas depending on if Tesla breaks down or breaks out at the bell.

Trade Idea:

23 FEB 2024 $197.5 PUT

23 FEB 2024 $195 CALL