With Tesla dropping well over $100 in the last month I bought 1 Call Option today. I have been waiting for Tesla to come down to the 100 Day Moving Average and start moving up. It hit the 100 DMA yesterday and today the stock is having an up day. As I write the stock is up $16.50 on the day and I’m hoping this is a reversal signal. If not, I believe the stock will move up in a big way soon.
Buy to Open 1 TSLA 8/15/25 $340.00 C @ $60.50
I went out with my Expiration Date tp Aug 15th. I believe this position will be a money maker. Let’s watch and see.
Successful trading,
Steve
The Options Coach