With huge profits in our TSLA Sep 15th calls let's not give it all back. TSLA's low today was near the Open, @ $248.26. The ATR trend line is at $257.50 with now major support between there and $248.26. The 50% trailing stops on the Sep 2023 calls will keep you in the trades longer, but if they fall, exit the trades. 50% Trailing stops from best price/best return apply to both Sep 15 2023 calls in the table on the chart. Those stop levels are at about $42 on the $200C and at about $22.00 on the $250C. Both levels are well below current trading, but if today's low print gets taken out any time in the next few weeks, those 50% trailing stops will need to be monitored closely. For The TSLA Bulls On the other hand, if $248 was is it for the TSLA retracement, we will be getting more aggressive, buying the Dec 15th 2023 $400C @ $10 and/or the Dec 2023 $500C @ $5. TSLA could go up another 100% if $248 was THE low prior to a Wave 3 of (3) spike into the fall, taking it to new all time highs well above $414.50 and these December calls up 10X.
