Tesla is trading within a wedge since its massive run up following the news of Hertz buying 100,000 electric vehicles from them. Here is my thought process on this play. If Tesla breaks the wedge in either direction this is how I am going to play this. If it breaks the bottom, I will be looking to get into puts once it breaks $1,030.43, would probably pick the $1000 strike on puts. If Tesla breaks the wedge to the up side I will be looking to enter calls once it breaks $1,071.22, would probably pick the $1090 strike on calls.
$TSLA 1090c > 1070.22 | 1000p < 1030.43
* I am not a financial advisor
$TSLA 1090c > 1070.22 | 1000p < 1030.43
* I am not a financial advisor