TSLA Update – December 11, 2017 …

TSLA just took out the prior pivot high that I was talking about last Friday (click here).  I have begun positioning for the next move lower by selling Dec 29th $355 calls.  I have started small as is typically the case and will add to the position over the next couple of days.  I received a credit of $0.90/share.  I typically also day trade/follow a stock more closely while I am waiting for the pivot high and change in trend direction to get underway in earnest.

I will be tweeting/posting when I become more convinced that the new trend direction has begun.  The stock may stay elevated until year-end, but I don’t think we are going to get above $350 before year-end.

Cheers … Leaf_West

TSLA Update – October 25, 2017 …

I last updated TSLA on October 17th (click here) last week.  The firing of the weekly price squeeze looks like it is starting and as I thought, it looks like the squeeze is going to fire to the downside.  That would make it 4 in a row to the downside.  I continue to hold bearish option positions in TSLA.  Here are the charts … Continue reading

TSLA Update – October 17, 2017 …

There has been lots of what I would consider as being negative news on TSLA lately.  That includes company-specific items along with news from competitors about their own EV product plans.  I continue to trade TSLA intra-day most weeks as I await the appropriate time to start with my next longer-term short position.  Today I started that short position via options (I sold bearish Nov monthly expiry call spreads).  Here are how the charts look to me … Continue reading