TSLA Weekly Options Trade Plan 2025-03-18
Trade Analysis for TSLA Weekly Options (2025-03-19)
1. Technical Analysis Synthesis:
Price Action:
Current Price: $225.31 5-min Chart: TSLA is trading slightly above the lower Bollinger Band and below the 10 EMA, indicating potential for a short-term bounce but still within a bearish context. Daily Chart: TSLA is trading well below the 10 EMA, 50 EMA, and 200 EMA, with RSI showing an oversold condition, suggesting a possible short-term reversal or consolidation. Indicators:
5-min Chart: 10 EMA: $225.64, price below suggesting bearish pressure. 50 EMA: $226.76, price below indicating bearish momentum. 200 EMA: $232.94, significantly above current price, indicating long-term bearish trend. RSI: Oscillating around 42, not overbought but not oversold. Bollinger Bands: Price is near the lower band, suggesting potential for a bounce or continued downward movement if the band expands. Daily Chart: 10 EMA: $249.67, price significantly below, indicating strong bearish trend. 50 EMA: $317.88, price below, confirming bearish trend. 200 EMA: $296.95, price below, confirming long-term bearish trend. RSI: 29.61, indicating oversold conditions. Bollinger Bands: Price is near the lower band, suggesting either a potential bounce or continued downward momentum. Support/Resistance:
5-min Chart: Support: $223.05, $223.30, $224.72 Resistance: $227.09, $227.45, $227.97 Daily Chart: Support: $212.11, $217.02, $217.90 Resistance: $232.67, $251.58, $251.84
2. Market Sentiment Integration:
VIX Data:
Current VIX: 21.56 (Elevated Volatility) 5-Day Average: 22.55 (Falling) The falling VIX might suggest a reduction in market fear, potentially leading to a stabilization or slight increase in stock prices. News Impact:
Recent news highlights bearish sentiment due to competitive pressures and a drop in stock price. However, there are also calls for buying opportunities due to perceived overselling. Options Chain:
Open interest and volume are high for both calls and puts, suggesting a mixed sentiment but with a slight bearish bias due to higher put volume. Max Pain Theory: