Let’s try to buy the August 140-145 call spread four times for 1.50, good for the week. This order should be worked as long as the stock is trading 134.00 or higher. Our rally objective for the underlying stock is the 142.47 target of the pattern shown. I may suggest turning the spread into a butterfly if the stock rallies after we’ve got the ‘vertical’ on. That would entail selling Sep 145-150 call spreads against those already owned. _______ UPDATE (August 1): There was a report in the chat room of a 1.50 fill on the spread, but it would appear the trade was done with TSLA below $134. I’ll establish tracking guidance nonetheless if two more traders report fills with the stock above $134. _______ UPDATE (August 5): If you’re not already aboard you can forget it, since the little dervish is already halfway to our target. Camouflageurs may still be able to get some mileage out of the move, since we at least know where bulls are taking this stock.
