Ninety minutes into trading on Friday here is a snapshot of TSLA unexpired calls being tracked in the PRO Service: Only the Sep $250C call bought 2/27 has retraced more than 50% of its Best Return. ----- This morning's low tick on the shares has been $233.08. With price recovering now to $250, we can assume that the worst is over. Move the hard stop up to a close below $230. The call option stops remain at 50% of the Best Returns: ----- Current Trailing Stop Levels: Sep $200C = +280%; Dec $230C = +160% ----- TSLA 240 Minute Trading Model Taking out this morning's low would be bearish and likely lead to the above stops being hit. Absent that, TSLA has the potential to double by the end of this year and if so, we do not want to miss it.. Note the new Fib extension zone suggesting $335-$400 to complete five waves up of Intermediate Wave (3).
