🚗Pump The Brakes On TSLA

[] [The daily rundown of everything happening at Option Pit.]( [1).png]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. I’m looking at Tesla (Ticker: TSLA) after hitting the 200-week moving average today and holding. The stock is not looking good heading into earnings next week … [ Its earnings estimate is for an earnings per share of $.75 on revenues of $23.36 billion. Last week TSLA announced Q1 deliveries in line with a 2023 forecast of 1.81 million vehicles. TSLA shares are currently priced at a slight discount according to Morningstar, which calculates the fair value price at $225. The big problem for TSLA is that their Model 3 will likely be ineligible for the $7,500 tax credit in the US because the battery is produced in China. I would not buy here, but on a bad earnings plunge it may be worth a shot around $170. Let’s Go! [ [ - CAPITOL GAINS: SWN Apr6 6/5.5 put vertical spread closed for a 113% return on credit Want to find YOUR winning fit? Give our Customer Care Team a call at 1-888-8772-3301 Monday-Friday from 9 a.m.-5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:support@optionpit.com?subject=) [( GET GRIFF’S LATEST FREE REPORT [>> CLICK HERE <<]( VIX Edge: What’s The Whole Story? The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The VIX closed unchanged on Monday at 18.97. Given we are coming off a long weekend, this is pretty much a vol dump. VIX futures actually closed down on the day – but only about .05 – as the S&P rallied from down 30 to close up four points on Monday. But does this tell the whole story of the day? With CPI, PPI, and Fed minutes heading our way this week, should the VIX really be 18.97? Is the market destined to grind higher? [Here is what I saw on Monday and how to play it.]( - Mark OPTION PIT GLOSSARY [( There are plenty of terms in the trading world that need defining. The [Option Pit Glossary]( is here to help. Today's phrase is: Out-of-the-money (OTM): A call option is OTM when the underlying stock price is below the strike price, while a put option is OTM when the underlying stock price is above the strike price. [( DISCLAIMER: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. The materials presented from Option Pit LLC are for your informational and educational purposes only. Neither Option Pit LLC nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational and educational purposes intended is at the user’s own risk. DISCLAIMER: OPTION PIT LLC IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Option Pit LLC is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented materials. Specific trading ideas or strategies discussed in the presentations or materials are entirely illustrative and do not constitute the solicitation of a transaction (or transactions) or a recommendation to execute a particular transaction or implement a particular trading strategy. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. This email was sent by support@optionpit.com to {EMAIL} Click here to unsubscribe | [Manage Preference]( Exclusive Option Pit Offers Option Pit | 190 S LaSalle Suite 3000 Chicago, IL 60603