TSLA PUTS – My Bullseye Pick of the Week - Bullseye Pick of the Week


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

TSLA puts near $6 (reached $7.58) –   10 days later $78.15 =  870%

My Reasoning:

My Trade Plan Details:

  • TSLA Mar 7 $330 puts near $6.00
  • SStop: Closes TSLA above $360
  • Target 1: $330
  • Target 2: $300

Today, we are seeing a feeble attempt at a recovery after having a whole weekend to sober up and decide if things are a good value right now.
I guess not too many traders are enthusiastic about putting what little money they have left to work today and buying stocks.
If that doesn’t happen in the first hour of the normal trading session today, I think it will be time to start adding some new short bets against the market.
One of my favorite stocks is likely to lead the way lower if that is the case (TSLA).
This stock was exceptionally weak before Friday’s carnage, and it has had few buyers willing to step up as the stock continues to break key support levels.
I think we could be headed under $300 very soon