OptionPlus
2023-07-24

$Tesla Motors(TSLA)$ I saw some investors buy in TSLA or Sell its puts last week, I plan to start sell its puts this week.

TSLA has fallen below the 20-day moving average, and it may continue to pull back in the short term. At the same time, some bearish voices came last week. I plan to do sell puts at the strike price of $225 and $200.

I think TSLA has a high probability of callback to the 50-day moving average, that is, the position of $235. However, the 50-day line has never been a strong support. So, we probably look down to the position of $205. This position is a double bottom last May, and it is also a relatively large resistance in February and March. This position is much stronger and safer.

At present, the put premium of the strike price at $225 is about $2.5, expiring on August 18. The put premium of the strike price at $200 is $0.7. I think we can sell puts this week with better prices.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • YeddaJohnson
    2023-07-26
    YeddaJohnson

    Keep adding on any small pullback… this wants to go higher and higher. Great for day trade after markets soar today with Powell signaling end to rate hikes. Don’t miss out.

  • SiongZ
    2023-07-25
    SiongZ

    The stock market's average return is a cool 10% annually — better than you can find in a bank account or bonds. But many investors fail to earn that 10%, simply because they don't stay invested long enough. They often move in and out of the stock market at the worst possible times, missing out on annual returns....

  • RandyHall
    2023-07-25
    RandyHall

    A PE of 87 and everybody is so excited about the stock. Oh I forgot, the forward PE is bullish? All I can say the chances are pretty high this stock will retreat to levels nobody ever dreamed.

  • jeffry09
    2023-07-26
    jeffry09

    I see Tesla at $20 trillion in five years because the government is buying everyone a Tesla

  • fishinglo
    2023-07-26
    fishinglo

    We thought it was going to test $145, but it didn't.

  • YaleBrewster
    2023-07-26
    YaleBrewster

    Tesla target for 3Q $325/- will see how it goes!

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