$TSLA We always use short balls or puts to day trade this tik when it consolidates like it is today. The value of those contracts decreases before your very eyes as the day progresses. By day's end with a flat move on the tik, your gains are 20-25% This one seems to not be able to break out of the short term downtrend that kicked in when Musk began selling his stock. Bullish overall, large holding in long term account along with $NVDA ($16 cost basis per share pre-split) #trading
@whatistruenow I should also add we trade straight credit contracts on the weeklies just about every day. These two I played today when it started consolidating. Theta chewed up the premium to the tune of 30% profit per trade.