Standing instructions from Oct 5th Alert: "......upon any print above $265 we will be adding the TSLA Dec 15th $300C to the PRO option portfolio, currently trading around $9.40. For PRO traders who are still holding the TSLA Dec 15th 280C, consider that exposure enough for this new trade." This morning TSLA traded above $265, thus triggering the new buy. In light of geopolitical risk, this has to be considered a high risk trade, so allocate capital accordingly, i.e., smaller than usual bets. Also, keep in mind that we are about a week away from a new Tesla earnings release. Special Note: The TSLA Intermediate Term Trading Model which is based on Daily price bars and is traded in the Premium Service has entered into "Buy Pending" mode today and may trigger an intermediate term buy signal at the close today or later this week. If so, we will be adding longer term calls in the Premium Service, likely going into an expiration series in the first quarter of 2024. TSLA 240 MINUTE TRADING MODEL TSLA INTERMEDIATE TERM TRADING MODEL - Buy Pending A small arrow on this Intermediate Term chart is appearing under today's daily price bar. This is a "Pending" warning insofar as it usually precedes a formal Buy Signal big arrow by anywhere from 0-3 days. We will add 1st qtr 2024 calls in the Premium Service if this model triggers anytime this week.
