Below is a daily chart of Below is a daily chart of Tesla, Inc. (TSLA).
Trade: Under $375.65, consider shorting Sep (9/22) $390/400 bear call spread (3.5 DTE) for mid-point but of limit of $.84/share or better (currently at $.91/share).
Technical Setup: Bearish Gap from rally to Major Resistance and Topping Tail on daily chart.
Option Strategy: Bear Call Credit Spread (BCS).
Stop Loss: $390.02.
Below is a link to individual videos explaining in greater detail the definitions of the main option trading strategies used in the Master Trader Option Strategies Series for Investors and Active Traders to generate wealth and income.
Description of Master Trader Directional and Income Option Trades can be seen HERE
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
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
youtube.com/c/mastertrader (please subscribe to receive all the timely stock market updates)
