TSLA opened today near it's low of the day and has recovered into mid-day. Today's low print of $248.25 is close enough to the ATR line support to call it MAJOR SUPPORT. A close below that level would suggest something deeper in terms of a multi-week retracement. Our 50% trailing stops on the Sep 15 2023 call is at $41.50 basis the Best Price since entry and at about $45 basis Best Percentage Gain. So there you have it, three stops from most aggressive (TSLA closes below $248) to strict 50% trailing stop basis the $200C at $45 and/or $41.50. Currently, that call is trading at around $70, so a long way to fall before those two option stops get threatened. TSLA Daily Trading Model Next Push Higher Under the right bullish conditions TSLA will double into the end of this year, taking shares well above the Nov 2021 all time high of $414.50. A run up to above $500 will provide exponential option gains, starting with the Dec 15 2023 expiration series, using strikes between $400 and $500. In fact, those two round number strikes are my leading candidates for new trade positions under the right circumstances. Right now I am more concerned with protecting gains already on the board, but if $250 holds up into July 4th week or TSLA can breakout above $300 on a new leg up, we will be adding these Dec calls in addition to, or in lieu of, the Sep calls currently held by the Premium/PRO Services. Special Alert: Friday Jun 23rd on CNBC: Ron Baron on TSLA
