Tesla RSI oversold today, long since March 5-9th double bottom

24 Mar 2021

Tesla (TSLA) RSI is oversold today, I'm long since the March 5-9th double bottom. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tradingview.com/u/growerik/

24 Mar 2021

Not

theta friendly
call debit spread / call vertical
$685 - $687.5
$695 - $700

24 Mar 2021

İşlem aktif

added call debit spread / call vertical
$690 - $700 : 4/1 expiry
no stress theta friendly

25 Mar 2021

Not

At 11:58 a.m. today 3/25, a trader executed a call sweep of 703 Tesla options with a $650 strike price expiring on Apr. 9. The trade represented a $1.9-million bullish bet for which the trader paid $2700 per option contract. (source: Benzinga) Meaning they expect TSLA to at least reach $677 to break even.

When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating a large move in stock price will occur imminently. A sweeper pays market price for the call options, instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.

26 Mar 2021

İşlem aktif

$680-$700 call spread