Tesla needs to breakout above this triangle consolidation for an implied move back to 1000 zone
With options so expensive, as opposed to naked call buying with max risk exposure, I like the 2/18 940/950 debit call spread.
Also keep in mind Friday Tesla has been known to run and the technical set up is there for a big move soon.
Conversely, 950 zone has been strong resistance with continuous rejection however higher lows has me bias that eventually supply will be eaten and Tesla will break higher.
With options so expensive, as opposed to naked call buying with max risk exposure, I like the 2/18 940/950 debit call spread.
Also keep in mind Friday Tesla has been known to run and the technical set up is there for a big move soon.
Conversely, 950 zone has been strong resistance with continuous rejection however higher lows has me bias that eventually supply will be eaten and Tesla will break higher.
Trade Idea invalidated.