... for a 2.31 credit.
Comments: High IV at 56.7%. Targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into Tesla without actually being in the stock. I'll consider adding if I can get in at better strikes than this starter position.
Earnings are on October 18th, so will be looking to "play through."
Comments: High IV at 56.7%. Targeting the <16 strike paying around 1% of the strike price in credit to emulate dollar cost averaging into Tesla without actually being in the stock. I'll consider adding if I can get in at better strikes than this starter position.
Earnings are on October 18th, so will be looking to "play through."
Trade closed manually:
Closed for a 1.19 debit. 1.12 ($112) profit (48.5% of max). Still have the Dec 175's on.