{"id":75882,"date":"2024-10-24T08:44:17","date_gmt":"2024-10-24T12:44:17","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=75882"},"modified":"2024-10-24T08:44:56","modified_gmt":"2024-10-24T12:44:56","slug":"scott-redler-tesla-game-plan-options","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/10\/24\/scott-redler-tesla-game-plan-options\/","title":{"rendered":"Tesla Destroys the Bears &#8211; THIS Is My Game Plan Now"},"content":{"rendered":"<p><b>Brought to You By <a href=\"https:\/\/vp301.isrefer.com\/go\/ppp\/t3l\/ban-24-07-23\"><span style=\"text-decoration: underline;\">Scott Redler's Power Plays &#8211; Get My #1 Idea Every Week.<\/span><\/a><\/b><\/p>\n<p><b>SPX<\/b>\u00a0futures are +25 after shaking the tree down to the 21-day yesterday at 5762.<\/p>\n<p><b>SPY<\/b>\u00a0broke $580.50 and hit a low of $574.41 to shake the tree. I was long SPY puts and short premium in anticipation of that. Today SPY is up as we see if $580.50-$581.75 serves as stiff resistance. I\u2019m not bearish &#8212; I just think we can be stuck in a range for a while. I shorted some SPY around $580.75 pre-market.<\/p>\n<p>Now let's dig into some individual names, starting with the topic of today's newsletter:<\/p>\n<p><b>TSLA<\/b>\u00a0is up 14% on its impressive earnings report, pushing the bears back, big time. The stock has been stuck in a range trade since the 2021 top, but we could see $260 to $271 before the election, though of course that depends on what kind of follow-through we see.<\/p>\n<p>I'm coming in long 11\/8 $240 calls. This is what I'm looking to do:<\/p>\n<ul>\n<li>Sell 25% of the calls to lock in immediate profit<\/li>\n<li>Turn 25% of the calls into a spread to reduce risk<\/li>\n<li>Hold 50% to potentially benefit from more upside<\/li>\n<\/ul>\n<p>I also played the stock through the $224 gap yesterday afternoon.<\/p>\n<p><b>AAPL:<\/b>\u00a0there is a lot of debate about how the quarter will turn out. There was a report yesterday about lower iPhone 16 orders.\u00a0It held $227-ish. I'd avoid it until closer to the print. Actively, it's tricky. But it's fine as a long-term investment.<\/p>\n<p><b>NVDA<\/b>\u00a0held the 8-day yesterday, giving us $137 as a new point of reference moving forward. That needs to hold. I don't think it runs away, but it's still a focus. Pivot resistance is $142, then $143.71.<\/p>\n<p><b>IBIT<\/b>\u00a0held where it had to yesterday, giving us the $37 area as new support. I got bigger and I'll trim some this morning.<\/p>\n<p><a href=\"https:\/\/vp301.isrefer.com\/go\/ppp\/t3l\/ban-24-07-23\"><img decoding=\"async\" class=\"alignnone wp-image-57046\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text.png\" alt=\"\" width=\"591\" height=\"81\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text.png 1000w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-300x41.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-150x21.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-768x105.png 768w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-80x11.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-220x30.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-250x34.png 250w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-280x38.png 280w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-510x70.png 510w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-750x103.png 750w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-975x134.png 975w\" sizes=\"(max-width: 591px) 100vw, 591px\" \/><\/a><\/p>\n<h3><strong>Featured: Join Scott Redler's Plays for $99<\/strong><\/h3>\n<p>Get Scott's #1 idea each week.<\/p>\n<p>That's 52 weeks for just $99. (not a typo)<\/p>\n<p>Be on the list for the next idea:<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/vp301.isrefer.com\/go\/ppp\/t3l\/ban-24-07-23\">See why now's the right time to join.<\/a><\/strong><\/span><\/p>\n<p><em>*Scott Redler Positions Disclosure as of 2024-10-24 at 8.26.56 AM<\/em><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-75883\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM.png\" alt=\"\" width=\"583\" height=\"764\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM.png 583w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM-229x300.png 229w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM-114x150.png 114w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM-61x80.png 61w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM-168x220.png 168w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM-76x100.png 76w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM-182x238.png 182w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM-317x415.png 317w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM-372x487.png 372w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-8.26.56-AM-454x595.png 454w\" sizes=\"(max-width: 583px) 100vw, 583px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brought to You By Scott Redler&#8217;s Power Plays &#8211; Get My #1 Idea Every Week. SPX\u00a0futures are +25 after shaking the tree down to the 21-day yesterday at 5762. SPY\u00a0broke $580.50 and hit a low of $574.41 to shake the tree. I was long SPY puts and short premium in anticipation of that. Today SPY is up as we see if $580.50-$581.75 serves as stiff resistance. I\u2019m not bearish &#8212; I just think we can be stuck in a range for a while. I shorted some SPY around $580.75 pre-market. Now let&#8217;s dig into some individual names, starting with the topic of today&#8217;s newsletter: TSLA\u00a0is up 14% on its impressive earnings report, pushing the bears back, big time. The stock has been stuck in a range trade since the 2021 top, but we could see $260 to $271 before the election, though of course that depends on what kind of follow-through we see. I&#8217;m coming in long 11\/8 $240 calls. This is what I&#8217;m looking to do: Sell 25% of the calls to lock in immediate profit Turn 25% of the calls into a spread to reduce risk Hold 50% to potentially benefit from more upside I also played the stock through the $224 gap yesterday afternoon. AAPL:\u00a0there is a lot of debate about how the quarter will turn out. There was a report yesterday about lower iPhone 16 orders.\u00a0It held $227-ish. I&#8217;d avoid it until closer to the print. Actively, it&#8217;s tricky. But it&#8217;s fine as a long-term investment. NVDA\u00a0held the 8-day yesterday, giving us $137 as a new point of reference moving forward. That needs to hold. I don&#8217;t think it runs away, but it&#8217;s still a focus. Pivot resistance is $142, then $143.71. IBIT\u00a0held where it had to yesterday, giving us the $37 area as new support. I got bigger and I&#8217;ll trim some this morning. Featured: Join Scott Redler&#8217;s Plays for $99 Get Scott&#8217;s #1 idea each week. That&#8217;s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now&#8217;s the right time to join. *Scott Redler Positions Disclosure as of 2024-10-24 at 8.26.56 AM &nbsp; &nbsp;<\/p>\n","protected":false},"author":4,"featured_media":75075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-75882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=75882"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75882\/revisions"}],"predecessor-version":[{"id":75884,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75882\/revisions\/75884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/75075"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=75882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}