Below is a daily chart of Tesla, Inc. (TSLA).
Trade: Consider shorting Oct (10/13) $365/375 bear call spread (4.5 DTE) for current mid-point of $.61//share or better.
Technical Setup: Bear Gap from Sell Setup at flat 20/40-MA daily with overbought broader markets.
Option Strategy: Bear Call Credit Spread (BCS).
Stop Loss: $360.52.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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Twitter: @GregCapra
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