Option trades for TSLA earnings

I AM BACK!!!! After being trolled incessantly by, as it turned out, other option firms, so after months of deliberation I decided to start posting again anyway and f*** the haters. For those that hadn’t read any of my posts last year, my friend has an option analytic system which I use to choose the best trade to do if I want to get involved. I have been trading options since 1989 at various banks or funds but even I know you need information to be successful. It is all about risk/reward and the more information you have at hand the better off you will be.

 

Anyway….Tesla. So as I have said before, this is about options NOT direction. I am not going to tell you buy this or sell that….but I will say, if you’re bullish do this, if you’re bearish do that.

 

You choose your own destiny, I am just here to help guide you and if you have any questions regarding the system I use or any option related questions feel free to DM me.

 

Th crossover on the DMX indicator show we may have some more downside

 

Having said all that though, after having the run up that its had I do think that we could easily see a pull back to the 38.1% retracement level which comes in around $375/$380.

 

Again , I DON’T like the really short dated stuff…that’s a literal punt and you may as well head off to the casino…I like looking for trades that are at least 1 to 2 weeks prior to expiration. In this instance though I want to give the trade a bit more time so I decided to look out to May expiry.

https://preview.redd.it/27bfyck38mfe1.png?width=940&format=png&auto=webp&s=8c4971ee6b3dacc27ecd6b1a264f31e4938b5318

 

Initially out of the list I prefer the ones with the least risk or “premium only” trades , where all you risk is what you lay out….but that’s just me.

The list generated from the AI; 

 

https://preview.redd.it/o4co6zj48mfe1.png?width=940&format=png&auto=webp&s=9cbef640405980a4df8981aaec61de91792cd570

 

So for the downside I like this PUT BUTTERFLY trade….and below is the HEAT MAP, which will show you where you’ll make money over time and price…

 

 

https://preview.redd.it/6u6wllq58mfe1.png?width=940&format=png&auto=webp&s=b14bd4819f9b34e451596193fa578efa94970809

https://preview.redd.it/sexpcle68mfe1.png?width=940&format=png&auto=webp&s=48f0fa8be6e8d83e33eafffeca7e456a1563cfd5

 

Now for those who are bullish, a charge for that $464 area isn’t out of the realms of possibility, so I am running that scenario in the system for “shits and giggles”.

https://preview.redd.it/441zpki98mfe1.png?width=940&format=png&auto=webp&s=d9fdd48551e8f4537dd04677d79e43484c02b924

 

Giving it a wide range, this is what the system generated

https://preview.redd.it/glgggksa8mfe1.png?width=940&format=png&auto=webp&s=df063e4aba70af1ff95c1c7e4ebb709a3c795471

I changed the list to “vanilla” as the system will initially come out with all types of weird ratio trades….

May as well go with what the system suggested and it picked another Butterfly trrade, this time it’s the 440/460/480 call butterfly at around 90cents

https://preview.redd.it/ji9zhi0c8mfe1.png?width=940&format=png&auto=webp&s=31488605f58f9c8c6e984c483235cf2910a30a26

 

https://preview.redd.it/f5al0sfd8mfe1.png?width=940&format=png&auto=webp&s=b0fe029c417ac4c8b91656c4c941975650844782

Both are reasonable returns with low risk…..so pick a side and come on in, the waters’ lovely