TSLA Short - MyMI Option Plays

After breaking support around the $187s, we're now looking to see if it closes below those levels and continues to the downside of about $160.

As most have pointed out, we still have a $154 Gap from Mid-Jan when TSLA begins the recovery in this longer-term downtrend that we've been in since the drop of the price from the $400s. So potential to see that Gap Filled of course before determining the moves forward.

We will be looking for a potential bounce back to the upside during the Intraday Trading Session we will look to potentially enter some Shorts that are a little longer term to lower our Theta Drain while TSLA takes it time to make it back to those $160 Levels.

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Momentum Indicators removed for clarity:

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15-Min Chart - Momentum Indicators removed for clarity

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Updated on this short trade. TSLA is following that downward arrow that we identified. Curious to see how the markets react to J Powell's testimonial to Congress today regarding the state of the economy.

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Just wanted to update you all as we're still holding the shorts that we posted above which is why we haven't made any new updates.

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Notes on closing trade are in the chart.
Stay tuned for more as we use the above chart for our next trade idea

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