This week was pure chaos theater but I loved every second of it.
Monday-Tuesday TSLA got flushed. $445 straight down to $416.80 on those “China sales collapse” headlines. Retail was melting down, red screens blazing. Instead… I’m grinning, layering short puts across the full fortress ($420–$450) and feasting on that juicy IV spike.
Then Elon jumps on the plane to Beijing… *boom* 💥 — narrative does a full 180. Stock rips, clears the $437 pivot, and tags $451.98.
I closed the short-term layers, locked in sizable realized gains, rolled the rest with a fat 14% cushion. I don’t need TSLA to rip to $500 to win. I just need it to stay “not bearish.”
I’m still sitting with a hefty dry powder, RSI near 70 at $443, China trip still cooking.
I’m watching for the blow-off top. If we get a green Friday or a weekend headline on China FSD approval, this rally could exhaust around $470-$472. That’s where I’ll look to clear the board.
Once we hit $460–$470, I’ll rotate into re-entry mode and layer in at key price levels… targeting the 200-day EMA as the mean-reversion magnet, deep value support zones, and fresh defensive strikes to rebuild the fortress.
Stayed liquid. Exploited the narrative. Let Theta do the heavy lifting.
From blood-red Tuesday to green Thursday. Who else rode the Musk-China rollercoaster this week? Please drop your war stories.