Tesla (TSLA)  looks to close below its 50-day moving average today, the first close below its 50-day since March and its big move up (see chart).  It is also testing the $160 neckline of a potential head and shoulders reversal.   A break of $160 sets up a measured move to $125.

We’re playing with risk reversals selling $175 calls/buying $155 puts.   Always with stops.   Stay tuned.

(click here if chart is not observable)