Possible TSLA and NVDA Homerun?

Even thought the world is closed, is it possible for Tesla and Nvida to reach all time highs?  Well, I don’t know about that, but what I do know is that both stocks are about to break out their recent consolidation areas in the 4hr chart and head higher.  It was just last week to where Amazon stock (AMZN) went on a tear.  Amazon stock had the same chart setup and I was actually ready to drop $25k on a leap call option.  I never paid that much for an option before but I was that confident that Amazon was going to have a run of a lifetime.  The only thing wrong with this setup is that I didnt get in.   Amazon did rip higher, but I missed it as I was trying to be a prudent investor and wait for a pullback.  There was no pullback in the stock ever and it ripped straight up over a few days to be higher by over 20 percent.  That kind of move is really unheard of for a trillion dollar market cap stock.  I mean, Amazon was trading like a penney stock.  It was obvious that the whole market was hiding in Amazon.

Earnings happens to be this week and Amazon better not disappoint.  Wait a minute.  Isn’t this post about Tesla and Nivda?  Yes, it is.  The reason why I mentioned Amazon is because I see the same setup in both Tesla and Nvida stock.

So how can you take advantage of this situation.  Easy, grab a big bat (a call option) and swing for the fences.  I’m not doing that myself but instead, I’m going to bunt.  Yes, bunt.  Im selling short term call options below the stock price to add some theta burn as well.  It also allows me to be wrong for a few points.

Check the video out,  I had a good time making it.  Remember, all my videos are live.  So please hit the bell and subscribe.