MRNA MRNA may eventually return to pre-Covid levels well under $50, but for this trade a breakdown toward the century mark ($100) could send these puts up 3X. The stock's technical breakdown is coming on the heals of emerging controversy surrounding Covid vaccine trial data...or lack thereof. MRNA Sell Pending - on a close below $140 (currently $137.40) Option: Apr 14th $100P (4.20/4.40) Alternative: Jan 2023 $50P (3.30/3.50) MRNA Intermediate Term Elliott Wave Structure MRNA - Breakdown Below $140.00 Market Crash Alert I wrote the MRNA trade up early this morning, but as the session progresses the market is looking like it wants to wash out all of the bullish holdouts. What better way than a headline stealing debacle, or crash, going into the end of this week. TSLA In the event of a multi-thousand point decline in the Dow, be prepared to buy more TSLA in the panic. Three levels of support at $780 - $630 - $490. I'll take a look at some new LEAPS if the shares break below $700. Even without a crash, they are punishing the shares to excess, so we will scoop them up somewhere hopefully not too far off the bottom, wherever and whenever that may be.
