TSLA Short / Put Options Recap Volume Profile Strategy SHORT
Updated
TSLA is shown here on a 30-minute chart. Utilizing only a volume profile indicator and stray
fundamental related news, TSLA was watched for a short entry in consideration of the antics of
its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China
and China's recession I opted to look for a short entry. Analysis, trade entry and trade
management and trade close are on the chart in a text box. This idea and recap of TSLA
short shows the utility of volume profile analysis in making a very profitable short trade on
TSLA which uses a precise entry after confirmation and the same for the exit. As such, this also
makes possible very profitable options trades with near-term expirations to optimize the
value of thorough analysis before the trade combined with a tight entry and good follow
through to make for high profit with less risk. Using TVs alerts and notifications this trade
was managed with little screen time making for a high profit yield per hour of effort.
Rinse and repeat as they say.....
fundamental related news, TSLA was watched for a short entry in consideration of the antics of
its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China
and China's recession I opted to look for a short entry. Analysis, trade entry and trade
management and trade close are on the chart in a text box. This idea and recap of TSLA
short shows the utility of volume profile analysis in making a very profitable short trade on
TSLA which uses a precise entry after confirmation and the same for the exit. As such, this also
makes possible very profitable options trades with near-term expirations to optimize the
value of thorough analysis before the trade combined with a tight entry and good follow
through to make for high profit with less risk. Using TVs alerts and notifications this trade
was managed with little screen time making for a high profit yield per hour of effort.
Rinse and repeat as they say.....
Trade active
Upcoming will be watching TSLA for a reversal and perhaps a double bottom or"W" pattern to convince me it is time to close the position
Trade active
After the 23Q4 earnings good cause to add to the position but risk management saysleave it alone as a reversal seems to be more given the descent into lower support.
Trade active
TSLA popped more OTM puts striking $175 from a current price of 185 got a better price on the jump.
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