dluxe23

TSLA : going off roading?

Short
NASDAQ:TSLA   Tesla
I am making a low probability trade.....and a long shot. March 2019 220/215 put vertical for 1.25 debit. I love the company but the hyperbole around everything Elon has been doing and the amount of debt may cause some short term pain. This in my smaller account that I am now aggressively trying to grow and is not the TT way. The fact that 100 strike puts recently sold for a buck (200+ dollars under the current price) leads me to believe there is some real risk in here despite all the fans. I have sold short puts at the 135 level twice in the distant past and think we may see it again. Market Makers have it priced at about a 20% chance of getting there and it is in the expected move (just barely) but Tesla seems to like to exceed those. Wish me luck!
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