TSLA Idea - Epic Trades - 11/2/2023

TSLA Idea - Epic Trades - 11/2/2023

By David Prince

Good morning,

Jay Powell was well received by markets yesterday as yields backed off and stocks moved higher.

The announcement of strong results this morning from $ROKU, $PLTR, $QCOM, and $SMCI are also helping the market go up this morning.

$TSLA is rallying but still under the 200-day moving average and we are looking at puts expiring next week, Nov. 10.

Here's the trade:

Buy $TSLA $210 puts expiring Nov. 10 at $3.70 or better

We will look to trim some profit quickly and will be back with updates as we do that.

-DP

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