Tesla has made a megaphone pattern and hovering around the middle part of it.
But when calculating the reward to risk ratio (R/R: 0.83) in the short time, it appears in February it has a potential to gain 8.5% and losing 10.30. So in short term it is a pure neutral play.
Having said that, for short term players :
1- don’t touch the options, you wouldn’t make much out of it..!
2- look for the other opportunities
3- Wait for Tesla to touch one side and confirmation of reversal or continuation..!
But when calculating the reward to risk ratio (R/R: 0.83) in the short time, it appears in February it has a potential to gain 8.5% and losing 10.30. So in short term it is a pure neutral play.
Having said that, for short term players :
1- don’t touch the options, you wouldn’t make much out of it..!
2- look for the other opportunities
3- Wait for Tesla to touch one side and confirmation of reversal or continuation..!
