TSLA GEX Analysis and Option Trading Suggestions
Key Observations from GEX Chart
1. Call Resistance:
* Key resistance is at $420, with additional resistance at $412.5. Breaking through these levels could trigger further bullish momentum.
2. Put Support:
* The highest negative gamma support level lies at $365, which serves as a critical support. Below this, additional support is visible at $350.
3. Gamma Pivot Zone:
* $390 acts as a pivotal zone, balancing calls and puts. Holding above this level strengthens bullish sentiment, while breaking below could lead to bearish activity.
4. IVR (Implied Volatility Rank):
* IVR at 44.4 indicates moderate implied volatility, suggesting a balanced risk-reward setup for option traders.
5. Implied Volatility (IVx):
* IVx at 62.7, coupled with a decrease of -9.58%, indicates a reduction in market uncertainty, favoring directional trades with lower premium costs.
Option Trading Suggestions
1. Bullish Scenario:
* If TSLA sustains above $390:
* Trade Idea: Buy a Call Debit Spread.
* Strike 1: $390 (Buy Call)
* Strike 2: $410 (Sell Call)
* Expiry: 1-2 weeks out.
* Reasoning: Aims to capitalize on potential upside to resistance at $412.5.
2. Bearish Scenario:
* If TSLA breaks below $390:
* Trade Idea: Buy a Put Debit Spread.
* Strike 1: $390 (Buy Put)
* Strike 2: $370 (Sell Put)
* Expiry: 1-2 weeks out.
* Reasoning: Targets downside movement toward $365 support.
3. Neutral Strategy:
* For consolidation between $365 and $410:
* Trade Idea: Sell an Iron Condor.
* Sell Put: $365
* Buy Put: $360
* Sell Call: $410
* Buy Call: $415
* Reasoning: Captures premium within the expected range while capping risk.
Thoughts and Insights
* Momentum Check: Holding $390 is crucial for bullish continuation. A breakdown below $365 may trigger accelerated bearish momentum.
* Volatility Context: Moderate IVR and declining IVx support directional trades with manageable premium costs.
* Key Levels to Monitor:
* Support: $390, $365
* Resistance: $412.5, $420
Reminder:
GEX data updates every 15 minutes. Always monitor real-time data to adjust your trading plan accordingly.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and ensure proper risk management when trading.
1. Call Resistance:
* Key resistance is at $420, with additional resistance at $412.5. Breaking through these levels could trigger further bullish momentum.
2. Put Support:
* The highest negative gamma support level lies at $365, which serves as a critical support. Below this, additional support is visible at $350.
3. Gamma Pivot Zone:
* $390 acts as a pivotal zone, balancing calls and puts. Holding above this level strengthens bullish sentiment, while breaking below could lead to bearish activity.
4. IVR (Implied Volatility Rank):
* IVR at 44.4 indicates moderate implied volatility, suggesting a balanced risk-reward setup for option traders.
5. Implied Volatility (IVx):
* IVx at 62.7, coupled with a decrease of -9.58%, indicates a reduction in market uncertainty, favoring directional trades with lower premium costs.
Option Trading Suggestions
1. Bullish Scenario:
* If TSLA sustains above $390:
* Trade Idea: Buy a Call Debit Spread.
* Strike 1: $390 (Buy Call)
* Strike 2: $410 (Sell Call)
* Expiry: 1-2 weeks out.
* Reasoning: Aims to capitalize on potential upside to resistance at $412.5.
2. Bearish Scenario:
* If TSLA breaks below $390:
* Trade Idea: Buy a Put Debit Spread.
* Strike 1: $390 (Buy Put)
* Strike 2: $370 (Sell Put)
* Expiry: 1-2 weeks out.
* Reasoning: Targets downside movement toward $365 support.
3. Neutral Strategy:
* For consolidation between $365 and $410:
* Trade Idea: Sell an Iron Condor.
* Sell Put: $365
* Buy Put: $360
* Sell Call: $410
* Buy Call: $415
* Reasoning: Captures premium within the expected range while capping risk.
Thoughts and Insights
* Momentum Check: Holding $390 is crucial for bullish continuation. A breakdown below $365 may trigger accelerated bearish momentum.
* Volatility Context: Moderate IVR and declining IVx support directional trades with manageable premium costs.
* Key Levels to Monitor:
* Support: $390, $365
* Resistance: $412.5, $420
Reminder:
GEX data updates every 15 minutes. Always monitor real-time data to adjust your trading plan accordingly.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and ensure proper risk management when trading.
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