TSLA consolidating - be patient

2020年2月12日

20sma is flat. Yellow lines connect candle closes, while blue lines connect highs/lows. Hourly chart also shows 20sma in cloud and you can easily see narrowing range. I am watching for now.

2020年2月12日

交易進行

See this 2:30 closing candle. Within the consolidation, price action has been much closer to the support line. With a 3-day weekend coming up, I see indications for a second leg down. With IV much lower than it was last week (options cheaper) I am buying 2/21 expiry 680 puts. Will sell all or most before weekend.