TSLA closed Thursday above its $1385 trigger for a repeat short-term buy signal. As set out previously, we are not officially adding a third option position in the PRO portfolio, but that doesn't negate the pattern recognition set-up and follow-through. The chart below illustrates the "logic" behind the signal: The updated TSLA Call Table below includes the new way-way-way out of the money calls added to the options' series this week. Note that there are $2,850 calls with as short a lifespan as six weeks (Aug 21st). TSLA would have to double in less than six weeks for that call to be in the money. When has that ever happened? For a starter, twice so far in 2020: From early January to early February and again from mid March to mid April. Any other questions?
