It can be a volatile stock so if you are short term it, then it could be one that pays off. Of course, have to be on the right side of the trade.
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It can be a volatile stock so if you are short term it, then it could be one that pays off. Of course, have to be on the right side of the trade.
Yeah, I am trading weekly options. Working out very well so far.
But yeah, that's what my Logical Trading Indiactor PRO is for, to help me stay on the right side of the trade!
Just a word of warning... I'm expecting the stock to dip significantly on the 10th of October after the Robotaxi reveal.
Don’t matter, I make money either way with my strategy.
What makes you think it’s going to drop so significantly?
You do? That's awesome! Well done on working out that strategy.
The Tesla Event days almost always incur a sell off directly afterwards and in the days afterwards. I think there is a lot of skepticism for this particular event because some people bought Tesla vehicles under the premise that they'd become Robotaxis... but they're likely going to unveil a Cybercab vehicle which (if it has Lidar) might signal to the market that Tesla vehicles might never become Robotaxis and a passive income source (ie, earn while the owner is asleep or working).
So I think a sell off is more likely than not - unless its absolutely spectacular and blows everyone away.
Good to know. I mainly focus on technicals for the most part, and selling Tesla options are quite lucrative whether I actually end up with the stock or not.
That lets me know, also after today's dip, that I will be looking at selling some lower puts (which is how I make money up or down, is with selling put options if I am in cash or call options if I have 100 shares of the stock).
Yeah, the Tesla shares seem pretty predictable with the call options and put options... first thing Monday the price usually rises... it's fascinating to watch.