In the Weekend Update that went out to paid subscribers of Blue Line Trading System two trades were highlighted, both, "pending." One is a Short on QQQ which could be triggered as soon as Monday, and the other a Long on TSLA which also could be triggered as soon as Monday. It is unlikely that both will be triggered, but even so, the return on options for the winner will far exceed the loss on the loser. In a perfect world, each of these trades will be triggered in the weeks ahead, just not at the same time, and both will be massively profitable.
Also in that perfect world, I am holding the winning Powerball ticket.
TSLA
The TSLA chart below has a new intermediate term target range, from a minimum expectation of $750 to a quite nicely bullish potential fifth wave target of $1,500. The maintaining of a bullish position in this stock allows exposure to cutting edge AI technology without the noise of traditional semi-conductor names that are apparently in a global free-for-all to be top dog. TSLA is a bet on the best and brightest AI engineers on the planet. Bottom Line: If we're swinging for the fences, we may as well do it with the bases loaded and TSLA above $355 is a four seem fastball right down the middle of the plate.
TSLA Daily
TSLL Daily
TSLA/TSLL Call Options: Friday's Action
These are the same two highlighted strikes and expiration month we have been following all summer. Price is just now on the verge of breaking out above $350-355 resistance and if it does, neither of these two calls will be this cheap again, as TSLA accelerates toward its all time high @ $488.54 and points north.
TSLA Dec $500C
TSLL Dec $15C
