Two events highlight this week's calendar, first, Wednesday is TSLA earnings day and opens the door to news inspired volatility, good and/or bad. Second, Friday is October monthly expiration requiring rollovers into November monthly expiration for IWM, QQQ and VIX. It's a little early in the week for specifics, but expect to rolling all Oct 20th positions into Nov 17th by Friday morning. Money Management Note: The big winner for October expiration is IWM $185P, entered on Aug 4th, up over 300% (4X). Prudent money management says bank some of those profits, rolling the rest into November. Most indices have retraced a Fib 38-50% of their respective Wave 1s down, so a reversal back down should be in full force by the end of this week (See Weekend charts). TSLA 240 Minute Trading Model With price now below the ATR trend line the potential is high for a short-term Sell. This coming around earnings makes anything TSLA related this a roll of the dice. We can do better.
