I’m already invested in $TSLA heavily in longer term accounts, but liked the price action enough today to pickup additional long exposure short-term. Grabbed the 23 SEP 273 CALLS late afternoon at $15.05 for an expected move higher into next week. Above $280 this name could quickly return to recent highs at $310. A full stochastic rotation to oversold levels and a strong hammer candle today lead me to believe we’re looking at a short-term bottom. A stop below today’s low offers a 3:1 risk to reward vs. profit target of $310.
Long $TSLA
