TSLA update daily (bearish)As the BBWP heats up, I bet we print a red 95% sell signal soon. TSLA has produced two gaps in a row on the daily. I expect at least the most recent one to fill which I highlighted in the rectangle. No fundamentals have changed, this is pure and cult like hype. TSLA is probably my most profitable stock in my Hood account YTD, where I trade purely TSLL for exposure.
My plan:
I already took my TSLL profits for the most part, I have one lot of 100 shares left with a covered call which I will allow to be assigned. I am eyeing a drawdown here to 255$, I will give TSLA the hype premium and say my target on a daily closure is 265$. I will sell more puts and buy more shares around this price.
