TSLA Trade on Apr 5, 2021 15:46 from Marius: Tradervue User Stock Trades.

Markets with its first full week open into Q2. Better than expected economic reports being released on the jobs and ISM. Notable bid back in growth and large caps.

Fundamental Analysis

TSLA reported their delivery numbers and came in above expectations. They delivered 184,800 vehicles in the first quarter with 99% of those being Model 3's and Y's. This is a 2.3% quarterly increased and 109% YOY. They also received a few analyst upgrades.

Quantitative Analysis

Intraday Fundamentals

RVOL 1.17
AVOL 35.54M
ATR 44.75
Short Float 5.81%
Shs Float 959.85M
Inst Own 46%
Market Cap 663.31B

Options Statistics + Tape Reading

SI 1.293
IV 69.55%
IVP 12%
P/C 0.537
VWAP 697.626

Elevated options volume with more traded on the call side confirming current directional momentum. Notable call buy orders AM + PM session.

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

Options Positioning

OI 2459 2522
VOL 2628 1556
Delta -.02 .00
Theta -.24 -.03
Vega .03 .00
Gamma .00 .00
Prob T 3.87% 0.46%
Prob ITM 1.97% 0.24%
MMM +/- 42.974
IV Series 67.86%

Mid size position and strike within current strategy parameters. No extra risk or process/variable taken and or added here.

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

Technical Analysis

IV decreasing with LL's. Most of the volume done on the BID from this gap up which was filled mid session. Recent HL pivot at 600 S. 700 is key area of supply / R. Was thinking waiting for this to break and hold. Odds according to the combined analysis favors upside momentum and resolution however has not been confirmed.

Breakout to the upside is in favor with current momentum and sentiment off of fundamental delivery report. Above AVWAP from Sept highs and S&P inclusion announcement but at/below YTD's and Q1 ER. 675 seems like a key HTF inflection area to hold for upside resolution. VPOC area below current trading level 700 - 600. Price has room to run to 850 VPOC area if 700 holds.

Trade/Risk Management & Review

Trade executed as planned. Grading overall process as A+. Positioning and risk management was with current parameters. Keeping in mind market may be changing with decreasing overall volatility. Option pricing is going to be affected along with ATR's and in play names. Managing trade development and business as necessary to make adaptions and scale responsibly. Opening into next earnings season with the financials reporting. Looking forward !