My Trade Details:

• NUE May 12 2023 $155 call near $4
• Stop: Close below $144
• Target 1: $160
• Target 2: $165

My Reasoning:

I have a love/hate relationship with TSLA as a stock.  As a company, I think it is fantastic.  In fact, I am thinking about buying a TSLA model X as our next family car.

By the way, anyone who owns a TSLA or has thoughts on buying a new one, drop your comments in the member dashboard this week.  I’ll reply, and I’d love to hear your thoughts.

By the way, bookmark that dashboard link

so you can find it easily each week 

The biggest question right now is, “Where is TSLA in its recovery rally?”  The stock made an incredible 100% move higher to start the year (of course, it made a 66% drop lower, to end last year.)

Everyone is asking if TSLA is headed back to $150 or are we going to test the high for the year around $200 first?

If I look at TSLA without any bias right now (we’ll talk about biases in the session today), I sure think the next move will continue to be higher from here.

I am looking at intermediate targets of $185 & $195 if things go my way on the upside.

If I am wrong, I want to use a tight stop of a closing price below $172 for a stop loss.