Tesla
Short

Trade of the week: $TSLA (Short)

266
Trade of the week: TSLA (Short)
Current price: $346
Entry Trigger:$339
Stoploss: $353
Call option: TSLA $300 put expiry 06/20 at $4.45(*1 Contract only)

Thesis: TSLA is in daily uprising channel aka building a wedge. TSLA last week made a doji candle on weekly often that leads to reversal. You may take this trade at entry trigger point or You may find a cheaper entry or wait for trigger point (or me) to get into the trade. Contract price might vary depending on entry. Targeting sub $310 in upcoming weeks. Respect stoploss.

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