📺 $TSLA +35,000% In 2 Weeks With Aug Risk Reversal
From Live Trading Room (07.01.24 / 07.02.24)
In this short clip from Live Trading Room (07.01.24 / 07.02.24), I discuss my trading strategies and recommendations regarding Tesla stock.
My note to CLUB/EDGE members on 06.27.24:
TSLA is working great. The stock is up 5%, the July CS is up 35%, and the fancy risk reversal out in AUGUST is up a lot... because it went from .10 to near $7 (6900%). But again, it can be as dramatic to the downside if unfamiliar in how to defend. Point it: TSLA looks strong to the 200D near 206.77 with an overshoot to 209, but then I expect strong pushback before digesting and possibly moving higher into 7/17 earnings.
My note to CLUB/EDGE members on 07.01.24:
TSLA Swing Long August Bullish risk reversal needs protecting now If you followed, you’re up +16,000%, but realistically, this is not sustainable. You could take those sold puts off the table and then sell some upside calls against the $200C bought. Or just leave a small runner in case we blow up to $226, but pls don’t be complacent given the news incoming tomorrow… TESLA RISES AHEAD OF Q2 DELIVERIES REPORT Shares of Tesla gained nearly 6% on Monday after a key Wall Street brokerage added the stock to its watch list ahead of the automaker's quarterly production and delivery report on Tuesday.
My note to CLUB/EDGE members on 07.03.24:
TSLA - CLOSING +34,600% ROI Stock is up 30% since recommending. The JULY $200C went from 6.50 to $31, a 377% gain. The AUG bull risk reversal went from near scratch to $34.70, a nearly 35,000% gain.
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