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.