Dec 2019 – TSLA $430-$415 Put Debit Spread
Trade Selection Criteria
Overall market movement
Market just hit an all time high with SPY touching $322 for the first time.
No Earnings or Significant News
Earnings are behind us and were announced on 10/23. There is no significant news or earnings event during our trade cycle.
Bollinger Bands outside Keltner Channels
RSI is in overbought territory. Although, inconclusive and not giving any clear signals.
ADX is very very strong and is not showing any signs of slowing down. Further, it is actually supporting the crazy bullish run that TSLA is experiencing.