Iron Condor on TSLA
- Thread starter Pekelo
- Start date
No, but it should go back to 2000.
Jesus did anyone catch that day where it spiked down 6 or 7%.. the options went loco crazy.. could only pick up a few, as I was "margin tapped out", some of these are damn ridiculous with like strike at 70 or 100 ....
my next goal is to go buy a Tesla with TSLA puts..
my next goal is to go buy a Tesla with TSLA puts..
There is another way to play TSLA that makes a profit unless it goes up fast.
77% likelihood to win, small risk and high profits of stock does anything except go up a lot. It makes good profits at sit still, and has big positive Theta. Here is link to article on Seeking Alpha. https://seekingalpha.com/instablog/...hance-win-make-35-percent-sits-still-low-risk
starts like this
How To Short Tesla With 77% Chance To Win, Make 35% If It Sits Still And With Low Risk
Nov. 16, 2018 10:26 AM ET
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8 comments |About: Tesla, Inc. (TSLA)
Summary
Author today bought a TSLA option spread that does everything in the title and more.
A good case can be made this is totally superior to shorting the stock and to another stock option strategy that has been suggested.
This trade makes a 35% profit in 5 weeks if the stock is unchanged, a 189% profit at $365 and a 14% profit if $315 or lower.
Risk is only $425 with a 77% chance of a profit. Bottom line is you have to be very wrong to lose anything. Being a little bit wrong generates the highest profit.
Sound too good to be true? Below you will see an Etrade option calculator for a real trade done 11-13-2018 on Tesla (TSLA) that verifies the above bullets.
77% likelihood to win, small risk and high profits of stock does anything except go up a lot. It makes good profits at sit still, and has big positive Theta. Here is link to article on Seeking Alpha. https://seekingalpha.com/instablog/...hance-win-make-35-percent-sits-still-low-risk
starts like this
How To Short Tesla With 77% Chance To Win, Make 35% If It Sits Still And With Low Risk
Nov. 16, 2018 10:26 AM ET
|
8 comments |About: Tesla, Inc. (TSLA)
Summary
Author today bought a TSLA option spread that does everything in the title and more.
A good case can be made this is totally superior to shorting the stock and to another stock option strategy that has been suggested.
This trade makes a 35% profit in 5 weeks if the stock is unchanged, a 189% profit at $365 and a 14% profit if $315 or lower.
Risk is only $425 with a 77% chance of a profit. Bottom line is you have to be very wrong to lose anything. Being a little bit wrong generates the highest profit.
Sound too good to be true? Below you will see an Etrade option calculator for a real trade done 11-13-2018 on Tesla (TSLA) that verifies the above bullets.
A few weeks ago privately I shared that I saw TSLA being range bound between 200 and 260. Thus I sold ICs with wings that wide. I don't see any difference for the next 2-3 months, so my expectation stays the same. The stock will fluctuate but there shouldn't be any big news coming out moving it much above 260 or below 200.