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!
TSLA can go bankrupt very fast. All that has to happen is a key supplier to withhold supply and demand immediate payment. Kaput!
dluxe23
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@springer22, Hope not......plus with friends like Sergey Brin (supposedly) doubtful this company would go bankrupt in my mind anyways. Silicon Valley powerhouse but could see much lower prices, plus the behavior seems a tell to me.