Well everyone was expecting a run up in TSLA, and we got the exact opposite. 8% down day, on the first day S&P funds are able to buy TSLA. I think we will slowly have a melt up, and then it will need a catalyst to go from there. Well, I originally said I wanted to go short after the pop, but I went long after the drop. I waited till noon, hoping I would avoid the volatility drop, but seems to me I still caught some of it.
I bought 1 19feb21 660 for 7990
and sold the 31DEC20 670 for 2345
for a total of 5644.
Profit target of 112.88 to 250
I am currently down 297 as the stock is only down 7 dollars from where I entered, but the volatility has also come down.
Need a couple of up days in my future.