Reallifetrading

New put sale on TSLA? IS this man CRAZY?

NASDAQ:TSLA   Tesla
Well, we might be crazy... but at 164% Implied Volatility and 174 points away!!!! For 2 months... and TSLA was at $380 4 weeks ago... I think I wouldn't be afraid to own TSLA down at $100 anyway. So, even though it is over earnings, this is a NO brainer (to me). I'll just buy to close after earnings most likely.
But again... if this company goes BANKrupt, it won't hit $100 before November 16th) <I wouldn't imagine> 93.10% chance I'm right.... : ) HAHA

JN
Comment:
Able to buy to close these put sales for .54 :-)
NICE GAIN!! Almost 1R : )

So, from here, I will sell more if TSLA drops harder below $250

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