There are two ways to manage the 50% trailing stop on this trade: (1) Exit if calls drops 50% from high print of 15.85 = 7.95 (2) Exit if percentage gains drops 50% from best return of 81.14% = +40.57% = 12.30 (Note: This call is currently trading at its high since the May 5th entry) If holding multiple contracts, use a combination of (1) and (2) above and/or consider holding at least one contract with no stop. TSLA - 120 Minute As price approaches top of channel(s) expect some resistance, but EW count shows a Wave 3 unfolding so price should slice through and continue higher. Anything more than a modest retracement would suggest using the 50% trailing stop strategy for some or all of the position.
