Madluvyz
03-12

$TSLA VERTICAL 250321 CALL 265.0/CALL 262.5$ 

Disclaimer: Whatever I say or post doesn't act as financial advice, so please do your due diligence before making any decision.

Sold a vertical call spread on TSLA, collecting $0.50 credit on a 2.5 wide spread. Despite the slight bounce towards the upside today, I do not believe this is a sign of recovery yet. There was a release for a interview of Elon Musk yesterday, and it clearly showed his dissapointment and apprehsiveness on his business empire. 

Coupled with news that Trump said that he will purchase a Tesla car tomorrow in bid to support Musk and endorsing him as a great American, I look at it as a desperate PR move or just another stunt to gain more headlines and media attention by Trump d/t his narcissistic traits. 

With that, I opened the vertical call spread, with sentiment that TSLA has further downside to run.[Miser]  

@madluvyz - Specialist in using TA to sell options and swing trade.😺

1 Trln Pay Package Approved! Tesla Sell the News: Hold for Long Term?
On November 6, more than 75% of shareholders voted in favor of Tesla CEO Elon Musk’s new compensation package. Under the plan, if Musk meets a series of milestones over the next ten years, he will gradually receive about 423.7 million restricted stock units (RSUs) — up to USD 1 trillion. Can Musk realistically hit these ambitious milestones in the next decade? Will this massive pay package truly align Tesla’s growth with shareholder interests After the approval, is Tesla a “sell the news” trade — or a long-term conviction hold?
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Comments

  • DIMCO
    03-12
    DIMCO
    Great strategy, love the analysis! [Heart]
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