TSLA 31MAY Short Put (1031)

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This topic contains 4 replies, has 1 voice, and was last updated by  Igor 2 months, 4 weeks ago.

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  • #14821

    Igor
    Keymaster

    TSLA at 228.33

    We’re selling an OTM Put with an Implied POP around 84%

    This is a short term trade with only 18DTE.

    Our Profit Target around 50-80% of credit and we’ll adjust IF 205 level is breached.

     

    Order Ticket
    Type Asset Duration Strike C/P
    Sell To Open TSLA 31MAY 19 205 PUT
    Total Credit: 3.05
    #14826

    Igor
    Keymaster

    TSLA AT 232.16

    We’re going to sell an OTM call to neutralize this position and collect additional credit.

     

    Order Ticket
    Type Asset Duration Strike C/P
    Sell To Open TSLA 31MAY 19 257.5 CALL
    Total Credit: 1.25
    #14840

    Igor
    Keymaster

    TSLA AT 201.55

    We’re rolling 257.5 Call down to 215, collecting additional credit.

    Our short Put has been breached and we’ll make an adjustment on the downside if TSLA continues lower.

     

    Order Ticket
    Type Asset Duration Strike C/P
    Buy To Close TSLA 31MAY 19 257.5 CALL
    Sell To Open TSLA 31MAY 19 215 CALL
    Total Credit: 3.60
    #14846

    Igor
    Keymaster

    TSLA at 196.02

    We’re going to roll 215 Call down to 200 strike for additional credit.

     

    Order Ticket
    Type Asset Duration Strike C/P
    Buy To Close TSLA 31MAY 19 215 CALL
    Sell To Open TSLA 31MAY 19 200 CALL
    Total Credit: 4.50
    #14849

    Igor
    Keymaster

    TSLA at 194.38

    We’re going to close out this trade and look to re-establish a new position with more time to expiration.

     

    Order Ticket
    Type Asset Duration Strike C/P
    Buy To Close TSLA 31MAY 19 200 CALL
    Buy To Close TSLA 31MAY 19 205 PUT
    Total Debit: 20.00

     

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