So, last week was pretty good for our Tesla trades.
Pretty much played straight puts all week. But I think things will go a little different this week.
You can see on the chart that the 9-day is still below the 20-day.
But this is a big week in the tech world. Five of the “Magnificent Seven” — Apple, Google, Meta, Microsoft, and Amazon — all have earnings coming out.
In anticipation of the earnings reports, prices are likely to rise across the market, and particularly in the tech sector. I believe Tesla will be pulled along for the ride, especially after such a long down-period.
Trade Idea:
Price Target: $190
Options Contract: 2 FEB 2024 $190 CALL