$TSLA - Price under strong resistance at $932

TSLA

TSLA price at strong resistance of $932 area, which has been firmly rejected since Jan 24th. Assuming current pattern holds expect downside as low as the $905 area.

SPY is in both an inside month and inside week, so I'm not expecting TSLA to close above that $932 this week. But TSLA is TSLA, so we'll have to see.

Playing the move from the top of the range lower seems like the safer play.

Options premiums $10k are 75% bearish, with 2/11 and 2/18 the strikes with the highest volume. I have seen bullish/bearish premiums flip multiple times during the day, but TSLA has ridiculously heavy options flow. Traders appear to be looking for downside in the short term.