TESLA EARNINGS All eyes will be focused on Tesla this week as 2nd Qtr earnings are released on Wednesday after the close. Expectations for a profitable quarter followed by inclusion into the S&P 500 have probably already been reflected in the $1506 stock price. If so, then Thursday and Friday could be rough on the stock. Also weighing in is the big picture expectation for a new leg down at anytime. The bullish side is that TSLA has been full of surprises on the upside this year, the S&P inclusion may very well not yet be reflected in the stock price and finally, whatever the near term fluctuations, the stock is destined for much higher levels later in the year. The Big Picture The expectation is still for a Wave 3 Down to begin at any time. The trades in the tables below come from Wave 1 Down between Feb-Mar. Because Wave 3's are more powerful than Wave 1's, expect the Wave 3 trades to be more powerful than those of Wave 1 below. Face masks optional. Premium Trades - Wave 1 Down PRO Trades Wave 1 Down Note: Although still respectable, the message is that using a 50% stop leaves a lot of profitability on the table. Entering on the Signal and holding though expiration resulted in a significant improvement in average returns per trade. As with every other aspect of option trading, easier said than done, but, the numbers don't lie.
