TSLA - Unofficial Buy Yesterday I published a tease, TSLA: Ready for a Bounce? for going long TSLA via the TSLL Sep $10C, but also warning that it was too soon to jump in the water. Nonetheless, I had that particular option up on my screen around mid-session and the more I looked at it, the more the lure of the sirens took over. So I bought my first tranche of these calls at around $2.20 ($220) each. It's only fair that I share with PRO subscribers that I too succumb to temptation, especially when there are six months until I have to worry about paying the expiration piper. Accordingly, shorter-term traders can look at these TSLL Sep $10 calls, today trading at about 2.80. For about the same price, consider the TSLL Jan 2027 $40C, with 674 days to expiration. Don't go crazy, as pointed out just below, the third wave down in QQQ still looks unfinished. TSLA Short-Term (15 Minute) When this bullish wave pattern starts appearing on longer-term charts, Hourly minimum, we will make this an official Buy Signal. For now, speculative at best. So far, only three waves = counter-trend. The Stock Market Today's good inflation news worked to bid the market at the Open, but 90 minutes in much of that gain has eroded with some indices now negative. The sentiment on social media (X in particular) has been overwhelmingly bullish the past few days as the market has been relentless down, as would be expected in a third wave down at multiple degrees of trend. Rule of thumb: No fear, no panic, no bottom. QQQ 2-Hr The market rallied this morning right into overlapping Fibonacci retracement zones and turned back down, never a good sign...unless you are short the market. For those keeping score, the PRO options portfolio has had multiple 400%+ winners (Best Return) in every expiration from March 2025 back to November 2024. December, 2024, saw 1,000%+ realized winners in TSLA (TSLL) and PLTR.
