Here is a trade open to all investors. My last few trades in Tesla have been quite profitable. The latest trade returns 94% after two days of holding the trade.
With the stock back at $300 I am setting up another similar trade. Remember that you trade at your own risk and past results definitely don’t always repeat themselves.
The profit for two days of risk was 94%. Here is the link to the original trade article. Below are the end results of the trade.
Tesla Stock (TSLA) – Oct 12 expiry
PUT DEBIT SPREAD
Bought 5 of the $300 put strike for $18 and I sold 5 of the $287.50 put strike for an average of $15.53.
This left a cost of $2.47 X 5 = $1235.00 against a spread of $12.50
CALL DEBIT SPREAD
Bought 5 of the $302.50 call strike for an average of $15.986 and sold 5 of the $315 call strike for an average of $11.46.
This left a cost of $4.526 X 5 = $2263.00 against a spread of $12.50
Commission = 20 X .75 = $15.00
Total Capital At Risk In This Trade = $3513.00
The trade costs less than the prior trade done in Tesla Stock (TSLA) but the spread is not as wide at $12.50.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.