
With large cap tech still in freefall, there's no eager buyers for TSLA right now. The market has pushed through the first big liquidity zone and is now coming into a big low volume node (LVN):

We have a planned add on this trade, but the price is much lower than what I had expected. There's some options-related reasons for this (charm, theta, vega), but that means we get a better deal and can flip out for faster profits and a better basis.
Action To Take
Stock Trade: None, this is a straight options bet
Option Trade: Buy to Open HALF SIZE May 340 Call (.TSLA250516C340) for 5.65. The bid/ask is 5.55x5.75, so that is a reasonable fill.
We already have "half size" on at a price of 10.40, so this averaging down will put our basis at 8.02. If the stock bounces, we will look to sell out of half to cut our basis down.
This is "trading around a core" position, and even if TSLA is choppy as it bottoms, we can earn a solid win by using this method.
