$Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ if you want t...
$Direxion Daily TSLA Bull 2X Shares (TSLL.US)$if you want to own this leveraged ETF it's approaching a 50% consolidation point right around $17.20 thereabouts is about a 50% retracement from the low before the election to the peak after the election..
again it's not an exact science if the market turns red completely and sells off significantly everything goes down if the market reverses this can reverse too so you have to kind of nibble at it and pick at it as it approaches that price. or you can sell puts right around that strike price for tomorrow's expiration or sell a 18 put for tomorrow's expiration and take the money take the premium if you get put it your cost basis is pretty close
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10baggerbamm
OP
:
you can sell an 18-ft for tomorrow's expiration and collect right now $0.40 if you think it'll retrace a little lower you'll probably get closer to about 70 cents so that would put you at about $17.30 you're right there if you get put the stock from a cost basis standpoint from 50% retracement.
LivingYears : useful analysis. gives food for thought for traders wanting to get in or out.
10baggerbamm OP : you can sell an 18-ft for tomorrow's expiration and collect right now $0.40 if you think it'll retrace a little lower you'll probably get closer to about 70 cents so that would put you at about $17.30 you're right there if you get put the stock from a cost basis standpoint from 50% retracement.