$TSLA Trade Update

I wrote last night about $TSLA and its impending move back to prior support at $135. Here's a link to that article. The market was kind enough to take $TSLA down at the open, and I waited for a bottom to confirm before buying the calls. Instead of entering the $126 calls, though, I was able to get the $120 calls for $1.20 and after tweeting them, they dropped to $1.16 before moving higher. I also posted this trade in the optionmillionaires.com chat room.


They'e now trading for over $3.00 from the $1.20 entry:


Known 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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