My Bullseye pick this week is to buy (TSLA) call options.

TSLA Calls near $6.50 –   4 days later $24.10  = 270%

My Reasoning:

My Trade Plan Details:

• TSLA April 4 $275 calls near $6.50
  
• Stop: Closes TSLA below $240
• Target 1: $280
  
• Target 2: $300
  

QQQ is trading well above $480 now, which I consider to be a crucial breakout level.  I think this could carry all stocks for a while.

One of the most beat-up stocks out there is former darling, Tesla.

Headlines everywhere show public outrage against the company, and I even have seen Reddit groups trying to organize “plots to bring down the company” by collectively buying massive amounts of far out-of-the-money puts.

Good luck with that kids, lol.

If you understood option mechanics, they would know they are only fueling more buying on the upside.

When I see the market re-start a rally, I like to go after the names that have been most beaten up, yet still have the chance to make moves again.

I think TSLA fits the bill perfectly right now.