The TSLA calls from Monday have all breached their 50% trailing stops. The good news is that a huge amount of the speculative time premium has been stripped out of the entire March-April options' series. As you can see from the table below, with TSLA up $7 today most of the out-of-the money calls for March-April are down 25-40%. As for that Buy Signal, right now it will take a strong move above $800 to put the models in position to trigger Long. Trading TSLA calls has gotten more difficult while the stock has had several false starts up toward new highs. One of these next signals will ignite the stock above $1,000, we want to be sure we are in it when it does. The Jan 2021 calls are no where near getting stopped and remain up over 900%.
