$TSLA Nearing Support

tsla2

As $TSLA nears support I am looking to enter CALL options in anticipation of a nice recovery after selling off from the all time highs.

$TSLA has been melting lower since hitting $265 a share.  The $200 level will act as natural support just as it acted as resistance in the past.  I am debating whether to wait for $200 or to get the calls a little sooner.  I assume I am not the only one looking for $200 and the stock may start its rally a few dollars above that level.

tsla456

 

tslachain1

 

tslachain2

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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