{"id":75889,"date":"2024-10-28T10:27:53","date_gmt":"2024-10-28T14:27:53","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=75889"},"modified":"2024-10-28T10:27:53","modified_gmt":"2024-10-28T14:27:53","slug":"scott-redler-tesla-300","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/10\/28\/scott-redler-tesla-300\/","title":{"rendered":"Can Tesla Hit $300?"},"content":{"rendered":"

Brought to You By Scott Redler's Power Plays – Get My #1 Idea Every Week.<\/span><\/a><\/b><\/p>\n

SPX<\/b>\u00a0futures went from +35 to +20. We have lots of earnings and economic numbers coming this week. As long as the index holds 5762-5784, we can't get too bearish. Pivot resistance is 5862-5878.<\/p>\n

QQQ<\/b>: Friday's strength was sold in tech, but it still acted better than most sectors. Pivot resistance is $500.28, then $503 is the July high. Each day will be different this week based on the reports, starting with\u00a0GOOGL<\/b>\u00a0and\u00a0AMD<\/b>\u00a0Tuesday.<\/p>\n

Now let's dig into some individual names:<\/p>\n

TSLA<\/b>\u00a0was a huge winner for us last week. I had $240 calls into earnings, sold some, and created a call spread with the remainder. Then I added this as a\u00a0Power Play<\/a><\/strong><\/span>\u00a0Thursday at $250.24 as my #1 election play. And on Friday it hit $269.49. It's at some resistance near $271 this morning so I may manage it today. But if Trump wins, this can easily be at $300-$315.<\/p>\n

GOOGL\u2019s<\/b>\u00a0pattern is tight and seems like a low-risk option play into earnings Tuesday post-close. Last week, I bought $170 calls for this Friday. I might trim because it was up Friday, and up another 2% today at $166+. $169 is the next spot to watch.<\/p>\n

AMD<\/b>\u00a0reports tomorrow. It was $174 in early October. I am long $165 calls for Friday. On Friday it hit $158.91. We\u2019ll see if it clears that prior to the print.<\/p>\n

SMCI<\/b>: Earnings are November 4 The stock has been battered and bruised with plenty of controversy. I bought small lotto calls because sentiment is so negative. $50.61 is pivot resistance of this lower-level channel.<\/p>\n

\"\"<\/a><\/p>\n

Featured: Join Scott Redler's Plays for $99<\/strong><\/h3>\n

Get Scott's #1 idea each week.<\/p>\n

That's 52 weeks for just $99. (not a typo)<\/p>\n

Be on the list for the next idea:<\/p>\n

See why now's the right time to join.<\/a><\/strong><\/span><\/p>\n

Your Tip for This Week: Remember That a Bad Day in the Market is Not a Bad Day in Life<\/strong><\/p>\n

We all have losing days. They are part of the game. If you can\u2019t accept down days, weeks, and even months, you had better look for something else to do. But you can\u2019t let the bad times get you down. Life has to go on, no matter how good or bad your trading is going. There are worse things in life than losing money — especially when you think about the big picture of health, family, etc.<\/p>\n

Never forget that.<\/p>\n

This Week's Calendar<\/strong><\/p>\n

This week is JAMMED with big events, We have earnings from GOOGL<\/strong>, AMD<\/strong>, META<\/strong>, MSFT<\/strong>, AAPL<\/strong>, AMZN<\/strong> and many more. On the economic side, we have GDP, PCE, NFP, etc.<\/p>\n

\"\"<\/p>\n

P.S.<\/strong> Don't forget to check out Scott Redler's Power Plays!<\/a><\/strong><\/span><\/p>\n

*Scott Redler Positions Disclosure as of 2024-10-21 at 7.50.22\u202fAM<\/em><\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. SPX\u00a0futures went from +35 to +20. We have lots of earnings and economic numbers coming this week. As long as the index holds 5762-5784, we can’t get too bearish. Pivot resistance is 5862-5878. QQQ: Friday’s strength was sold in tech, but it still acted better than most sectors. Pivot resistance is $500.28, then $503 is the July high. Each day will be different this week based on the reports, starting with\u00a0GOOGL\u00a0and\u00a0AMD\u00a0Tuesday. Now let’s dig into some individual names: TSLA\u00a0was a huge winner for us last week. I had $240 calls into earnings, sold some, and created a call spread with the remainder. Then I added this as a\u00a0Power Play\u00a0Thursday at $250.24 as my #1 election play. And on Friday it hit $269.49. It’s at some resistance near $271 this morning so I may manage it today. But if Trump wins, this can easily be at $300-$315. GOOGL\u2019s\u00a0pattern is tight and seems like a low-risk option play into earnings Tuesday post-close. Last week, I bought $170 calls for this Friday. I might trim because it was up Friday, and up another 2% today at $166+. $169 is the next spot to watch. AMD\u00a0reports tomorrow. It was $174 in early October. I am long $165 calls for Friday. On Friday it hit $158.91. We\u2019ll see if it clears that prior to the print. SMCI: Earnings are November 4 The stock has been battered and bruised with plenty of controversy. I bought small lotto calls because sentiment is so negative. $50.61 is pivot resistance of this lower-level channel. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. Your Tip for This Week: Remember That a Bad Day in the Market is Not a Bad Day in Life We all have losing days. They are part of the game. If you can\u2019t accept down days, weeks, and even months, you had better look for something else to do. But you can\u2019t let the bad times get you down. Life has to go on, no matter how good or bad your trading is going. There are worse things in life than losing money — especially when you think about the big picture of health, family, etc. Never forget that. This Week’s Calendar This week is JAMMED with big events, We have earnings from GOOGL, AMD, META, MSFT, AAPL, AMZN and many more. On the economic side, we have GDP, PCE, NFP, etc. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-10-21 at 7.50.22\u202fAM    <\/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-75889","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\/75889","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=75889"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75889\/revisions"}],"predecessor-version":[{"id":75893,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75889\/revisions\/75893"}],"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=75889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}