$TSLA swing calls to close before earnings Wed. after close

Price rose Monday morning and is consolidating into lunch. If price continues rising over 221-222 it may move higher based on the hourly indicators. RSI is over 50 and must move higher. Stochastic %D is currently green and rising.

I bought one weekly 240 call for 2.38. If price does not move higher before close today, or if option falls to 1.95 stop loss, I will sell the cal for a small loss. Otherwise I will hold position overnight.

İşlem elle kapatılmış:

Sold call for 2.30 - price may pullback more and it could not rise over 200sma on 15m chart. Not worth overnight risk.

Yorum:

Markets have been so controlled and volatile I avoided swing calls. Instead bought calls this morning for a day trade @ 3.45. Even though price was sideways IV increased so was able to sell before close @ 4.50.