Tesla (TSLA) oversold and turning up

٢٧ نوفمبر ٢٠١٣

In my other posts I had been suggesting to sell the 100 puts going out awhile. I think this is another way to look at this trade. I think there will be a decent retracement back down once the 155-160 level gets retested, just based on the amount of distribution and time that occurred above the 160 level.

Cheers and Happy Thanksgiving to all.