TSLA Trade on Jun 27, 2022 09:31 from K_Kendall_OT: Tradervue User Stock Trades.

Risk- $1000

Stock Variables
o News Catalysis - Market Play
o ATR – 47.82
o Vol - 13M
o RVOL - 1.69
o Float - 857.16M
o SF – 3.21%
o Inst Own – 43.20%
o VIX – 28.63
o Resistance- R1-755, R2-765, R3-780
o Support- S1-745, S2-740, S3-735
Stop - Hold Above 755

Thesis: TSLA Would hit premarket resistance at 755 and fail. IF: TSLA held below 755. Then I would begin to build into a position 5 Contracts at a time. Goal was 25 - I got to 15. As TSLA Failed lower begin to exit slowing at support levels and look to add if TSLA held resistance and held below VWAP.

TRADE - I noted as TSLA approached the 755 level it was unable to take the price. I observed as TSLA attempted to take 755 the SPY was failing. I started by adding 5 contacts as I noted the market was still failing and TSLA showed weakness and price descending. I add another 10 within the area 5 at a time. TSLA broke hard downward. I took 5 off at the 745. I held 10 contacts as TSLA dropped to 740 I took another 5 off and held the remaining 5. I wanted to try to get in with more on a VWAP pullback, but TSLA never made it back to VWAP. I took 2 off at the 735 area and then took 1 more off. I added 5 back when I felt TSLA couldn't break above 735. TSLA had a drop to 730 and I exited the 5 I had added. My plan was to hold the remaining 2 for a break of 730. I determined that if TSLA broke above 735 then I would exit and be flat. Then look for a possible VWAP pullback or a double top at 755.

Thoughts: Happy with the trade. Premarket Resistance holding is one of my favorite plays. I had hoped to be a little bigger at the 25 contacts, but just couldn't get to hit before the failure. Solid Day and good execution. My mental game was really good. I would say most a A-B day.