In the trader tip video, Brian talks about the Tesla TSLA trade setup of the week. Looking at the TSLA chart, we can see a downdraft and it’s about 40% or so off of its all-time highs. TSLA has also been consolidating, going sideways, and finding its own support over the last month or so. We can even see a double bottom now.
With that being said, that is an opportunity to do a put vertical credit spread. This trade structure gives us a little bit of room to be wrong. We can be out of the trade before the next earnings report.
TO LEARN MORE ABOUT TSLA trade setup – WATCH THE VIDEO
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