TSLA Trade on Mar 9, 2021 15:49 from Marius: Tradervue User Stock Trades.

Yields backed off from 1.60% after Monday and the weekly open. Growth stocks back with a BID after the Nasdaq ticking negative for the year and in official correction territory. Earnings season winding down with some recurring themes and trades continue to be present with investor sentiment and actions.

Fundamental Analysis

Data from February deliveries came in higher than 3 other US listed Chinese EV companies. It came in at a month over month increase for deliveries at 18,300 vehicles in China representing 18% addition from January. This is showing relative strength in the EV space in China despite the Lunar New Year holidays in February. There was also a raised price target from New Street from 578 -> 900.

Quantitative Analysis

Intraday Fundamentals

RVOL 1.63 (high beta S&P 500 indexed)
AVOL 40.56M
ATR 53.92
Short Float 5.71%
Shs Float 770.38M
Inst Own 45.90%
Market Cap 646.54B

Options Statistics + Tape Reading

SI 1.574
IV 85.65%
IVP 20%
P/C 0.603
VWAP 643.727

10 lot 910 call bought on ASK PM session. Notable call side activity in order flow confirming price action and momentum.

Options data stats/notes day prior to catalyst (n/a)

Options Positioning

OI 6188
VOL 6146
Delta .00
Theta -.15
Vega .01
Gamma .00
Prob T 1.49%
Prob ITM 0.77%
MMM +/- 50.697
IV Series 93.56%

Positioning in mind this is a bounce play with some fundamental catalyst in the current downtrend. More conservative and did initially initiate a wide spread but was not getting filled. Replaced positioning being single legged at the other end of the original spread.

Options data stats/notes day prior to catalyst (n/a)

Technical Analysis

Notable bounce on catalyst. More volume done on BID. This was also a bounce in the the overall growth areas of the markets. Longer-term decreasing overall volatility.

Notable bounce and BID at 550 retest split AVWAP and high's. Also at 161.8% fib level.

Trade/Risk Management & Review

Trade closed with set orders in place and about 95% total profitability on trade in less then 2 trading days. This also freed up my margin capital in place to put on new trades into the end of the week. 675 is a HTF level that the buyers are holding at the moment and will be notable going into delivery numbers in a few weeks.

Executed well and with appropriate size. Still on the conservative end of my parameters but taking it base to base. This is also in addition to other trades in place simultaneously.