With only a half day of trading on Monday and with the market closed on Tuesday in observance of the July 4th holiday, "next week" will pretty much start on Wednesday. Key to our trading is whether TSLA begins a new leg up without retracing anymore of its 2023 rally. A daily close above $260 (previous closing high = 274.45) and we have to assume a new short-term Buy Signal - Blue Up Arrow - is pending. After that trigger, it's up up and away into earnings on July 24th. The EW count on the chart below has that rally as a Wave 5 of (3) to above $330. In that scenario we want to be holding out of the money calls in Sep/Dec along with whatever is still held over from the May 5th trades below. TSLA 240 Minute Trading Model - Bullish Wave Count Into Earnings Blue Line PRO: TSLA Call Positions Past - Present - Future TSLA - Sep 15th Out-of-the-money Calls TSLA - Dec 15th Out-of-the-money Calls Sep 15th $300C and Dec 15th $400C are both attractive alternatives for taking profits and rolling the Sep 15th $200C and $250C into more leveraged positions.
