TSLA Pullback Trade
Updated
Opening a Short Trade on TSLA prior to earnings announcement. Overall Trend is very bullish however, I feel TSLA needs a healthy pullback in the short term.
I am opening both TSLA Puts and TSLA Call Credit Spreads. Buying Feb 20 500 Puts and Selling the Feb 20 500/502.50 CCS at 2.20
I am opening both TSLA Puts and TSLA Call Credit Spreads. Buying Feb 20 500 Puts and Selling the Feb 20 500/502.50 CCS at 2.20
Trade active
Trades above posted are now activeTrade active
Adding to my TSLA short as we approach the Cash Close in the next hour. Always practice healthy risk management and position sizing. I am risking 2% of my portfolio value on this trade as I do for all my trades.Trade active
Post Earnings: The expected move up or down was about $62. The move was up and currently stands at 648.50. Nice Move! The short squeeze continues. :) David Einhorn must be broke by now. haha!Note
TSLA announced is planning to raise more money. What a surprise ;). Sooner or later this will come back down to earth. TSLA is currently over 14 Billion in debt.
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