Submitted by mytendies t3_y1dtf7 in wallstreetbets
Long form explanation I provided earlier. You should have traded it, but if you haven't yet, there is still time.
Today's action confirms the shift in sentiment.
SPY stages a nearly 1.75% reversal in 2 hours. AAPL, MSFT and others all follow suit.
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TSLA breaks the reversal trend just moving sideways during the up moves of the market, and down on the down moves.
VIX collapsing. 2yr and 10yr rates falling. Crude is down. DXY is down. All of these are positive catalysts for growth stocks in the short term, but TSLA isn't following the trend.
As I suggested on the previous post, if you haven't already now is the time to sell calls.
-210/+220 oct 31s should net you about $600 in credit. Max loss $400, Max gain $600.
Godspeed.