TSLA options 09/03//24 near $5 – 13  days later $19.53 = 290% 

My Reasoning:

My Trade Plan Details:

• TSLA Sept 20 $225 calls near $5.00
• Stop: Closes TSLA below $210
  
• Target 1: $225
  
• Target 2: $240

I am very cautious about the markets this week. Right now, things don’t look clearly bullish or bearish to me.

I am going to give the markets the benefit of the doubt and bet that we will see the uptrend continue soon.

While most of the stocks I am looking at are in downtrends right now, one large tech stock has been bucking this trend the last few days, and I think it can stage a short-term rally from here.

My Bullseye pick that I want to buy this week is (TSLA) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out, I will use a fairly tight stop with a closing price under $210. That was the recent support from last week.

If things go my way, I think we could see TSLA break higher and retest the $225 resistance level from a couple of weeks ago, and possibly even $240 if it really starts to move.

As always, I aim to lock in 30-50% on my trades and ensure I secure a winner when possible. If the trend holds up, I also want to let some positions ride for a bigger win.