TSLATSLA price at strong resistance of $932 area, which has been firmly rejected since Jan 24th. Assuming current pattern holds expect downside as low as the $905 area.
SPY is in both an inside month and inside week, so I'm not expecting TSLA to close above that $932 this week. But TSLA is TSLA, so we'll have to see.Playing the move from the top of the range lower seems like the safer play.
Options premiums $10k are 75% bearish, with 2/11 and 2/18 the strikes with the highest volume. I have seen bullish/bearish premiums flip multiple times during the day, but
TSLA has ridiculously heavy options flow. Traders appear to be looking for downside in the short term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.