Short

$TSLA - Price under strong resistance at $932

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.

is in both an inside month and inside week, so I'm not expecting to close above that $932 this week. But is , 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 has ridiculously heavy options flow. Traders appear to be looking for downside in the short term.

TheGritz

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