Playing Bullish Credit Spreads on TSLA

Dipping into another $TSLA short term price rally to hopefully bank another winner using Credit Spreads.

In the 3/29 $265/255 Puts Spread, currently valued at $200/contract, $1000 collateral (in at $300), looking for 50% or more return over the next few days.

Played this last week using the 3/15 $267.5/272.5 Put Spreads, netting an 82% return in 4 days.

Probably entered a little early this time, but price confirmed with a bounce off the downtrend channel bottom and the historical resistance level at $265.

Comment:

might seem like a high risk for a low reward, but with the trend on my side and only a 26% chance of the $265 Put coming ITM, I'll play the +70% odds of success.

Little victories to help grow my account.

GL