$TSLA short

Submitted by Big_dadd_BD t3_z83rws in wallstreetbets

I’ve never posted on here but haven’t seen a chart so clean in my view.

Play: Tsla puts for potential break of 179. Companies that show strength for no reason when the rest of the market is weak often lead to a volatile drop.

Considering Tsla missed out on the mid day bounce at about 2 o’clock, giving me the sign it is ready to break support and fall to at least 174 in the short term and complete the h and s pattern. Tight stop at 182.8 This one is tendies

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VisualMod t1_iy9k53z wrote

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VisualMod t1_iy9k63v wrote

>I agree with your analysis. Tsla looks ready to break support and fall below 179 in the short term, so puts at this level could be a good option for potential profits. However, it's important to keep an eye on news and market sentiment surrounding the stock before making any decisions as they can drastically affect price movements. Good luck!

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nailattack t1_iy9lnyd wrote

Which time frame do you see a H&S

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Kunyun19 t1_iya0f39 wrote

Im happy that I have seen a zillion random posts about shorting Tsla. Calls will print

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Jaeger_Mannen t1_iya1epe wrote

Replying to nailattack (#776,583)

Hmm, I see what you’re saying. Looking at it now from a further out timescale I’d say it may even be potentially reversing? Could that be a inverse h&s forming on the daily?

1

mlvsrz t1_iya9rc8 wrote

Elon has to sell more Tesla with every double down he does on Twitter.

So buy puts and let Elon do the selling for you so he can bankroll his social media dumpster fire.

7

autistictheory t1_iyab7z5 wrote

I'm watching the march 17 $160 Puts. They went to a low of $13 today and closed at $14.4

just watch list I didn't buy them. Playing it just a bit safer with TSLQ instead

My target is $150 but just not sure about what kind of the usual TSLA whipsaw fuckery will occur before it makes the move down.

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John_Bot t1_iyah7r1 wrote

"Strength when rest of market is weak"

You ... realize TSLA is down 55% this year?

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Big_dadd_BD OP t1_iyahn5j wrote

Replying to John_Bot (#782,604)

Yes John bot i do realize that. If you actively trade markets you realize some days stocks aren’t moving with the rest of the market. Commonly that means something is up. Tsla first major drop came after it held the 300 range for a week or two as spy saw major decreases. Monday stocks were down largely as Tsla was pumping to 186. So Tsla was out of line with the markets SHORT term.

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PnachoB t1_iyak5wj wrote

$41.82 Inevitable

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Big_dadd_BD OP t1_iyakrl4 wrote

Replying to John_Bot (#783,293)

That’s a way different situation John bot and not that day to day price action I’m talking about. It’s ok you don’t get what I’m talking about we will see if the play works or not.

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John_Bot t1_iyaky3w wrote

Replying to Big_dadd_BD (#783,350)

"not that day to day price action i'm talking about"

You're saying "NASDAQ went down 2% and TSLA was flat!? How dare it! It should go down!"

Nasdaq has been down the past 6 months and NFLX is up 60% :)

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whenyoda t1_iybyzu3 wrote

Mid December Tsla low 150.

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