This is a 2-day chart set-up to highlight a very bullish and aggressive trading plan that COULD be unfolding over the next 192 days. The Intermediate Elliott Wave Count is in the black numbers, while the Minor Elliott Wave Count, one degree lower in scale, is in the blue numbers. According to this pattern, the April 29th Buy Signal was the beginning of a five-wave impulse of Intermediate Wave 3 and is targeting $420-440, a new all time high, by January 2025. TSLA 2-Day ---- Premium Service: Current TSLA Calls ---- For any trader speculatively so inclined, the option table below consists of highly leveraged option plays if the TSLA rally unfolds as this aggressive wave count suggests. For the furthest out of the money calls to become in the money, TSLA would have to more than double in the next six months. Nonetheless, TSLA need only continue it current trajectory for these cheaper calls to start running up significant percentage gains over the next one or two months, especially with July 24th earnings looming. For comparison purposes, the currently held Jan 2025 $240C is up about 14% today, while these way out of the money calls are all up much more in percentage terms, up anywhere from around 20 to 40%. Note: Leverage is a double edged sword. On a swift decline, the way out of the money calls below will suffer percentage losses faster and deeper than in-the-money calls. Speculative Call Options for a Wave 3 of 3 TSLA OTM calls with over six months to go until expiration; some trading for under $500.
