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      05-23-2015, 01:09 PM   #5007
Nismo G
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Drives: 2008 335xi Sedan
Join Date: Jul 2014
Location: Sarasota, FL

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I think TSLA is getting high again and should be ready for a little pull back. I think a fun trade would be buying some out of the money puts 2 months out. All of the moving averages are starting to tighten up, shorter term RSI is around 70 against a longer term which is around 68, which means it's losing some strength. I'd wait for confirmation when a shorter crosses longer (similar to watching a "death cross" in SMA's or EMA's"). I'd look for a move back to $230 and then a bounce off that, unless it violates it on a gap down. Volume has been below the 50day average for about 8 days as well. Could be a fun trade though
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