TSLA earnings Wednesday August 03, after the bell. PCLN August 04.

OptionGuru

OptionGuru

  • TLSA at $230.00.
  • 52-week high $271.00.
  • Earnings Wednesday August 03, after the bell.
  • ATM August 05 230.00 straddle priced at $16.00. Read about ATM straddles here.
  • MM's expect TSLA to close at $214.00 or $246.00 on August 05 based on the price of the ATM 230.00 straddle.
  • I'm bullish so I might buy the August 05 $250.00 call, current ask $1.17.
  • If I make a trade I will update with actual strike and price.
  • Comments welcome.


PCLN reports Thursday August 04, before the bell. PCLN options are too expensive for me to trade during earnings, so I will sit those ones out.





:)
 
TSLA Trade Opened

  • TSLA at $227.71
  • Bought 1 250.00 August 05 call at $0.85


Email order fill confirmation:
  • Order B574171 Outstanding Quantity: 0
  • 2016-08-02 15:32:43 ET BOUGHT 1 CALL TSLA 2016AUG05 250.00:US at $0.85 USD




:)
 
OptionGuru said:
TSLA Trade Opened

  • TSLA at $227.71
  • Bought 1 250.00 August 05 call at $0.85


Email order fill confirmation:
  • Order B574171 Outstanding Quantity: 0
  • 2016-08-02 15:32:43 ET BOUGHT 1 CALL TSLA 2016AUG05 250.00:US at $0.85 USD




:)
More...

i'm fading you with 210 puts
 
Sold...both of you. :)

Short Aug 5 220/235 strangle @ $7.90.
 

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  • Today is the big day.
  • Since PCLN reports Thursday before the bell any earnings related trades will have to be opened today.



:)
 
atrp2biz said:
Sold...both of you. :)

Short Aug 5 220/235 strangle @ $7.90.
More...
TSLA can easily move 20-25 points after earnings, based on their earnings history. Selling strangle only $7 from the stock price is not the best way to trade earnings.
 
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