It's all about the Fed: The most likely new trade, if any, will be long the VIX Sep 20th $30C, currently trading between 1.25-1.30. We need a technical trigger to take formal action, something more than ketchup, i.e., "anticipation." Standby for a formal Buy Signal. On the other hand, I wouldn't keep identifying this particular strategy if I thought it was a terrible idea to buy a few now, the "just in case" trade. If you own more than a few of the TSLA Sep $200C's, currently up 552%, selling one and placing half the proceeds into the VIX Sep $30C could end being the trade of they year. As for TSLA shares, next mile marker is $280, then $300, but what the Fed does mid-week will have a lot to do with how quickly those signposts are passed. TSL 240 Minute Trading Model Note: Stop in the mid-$220's
