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.
![](https://tradersalley.com/wp-content/uploads/2024/02/TSLA_2024-02-20_09-27-06-1024x622.png)
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