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Wednesday, November 4, 2015

Tesla (TSLA) Earnings Play

11/3/2015

sold -1 Nov 6, 2015  $170 put at $0.45
sold -1 Nov 6, 2015  $175 put at $0.76

Comments:
I used two different strikes to spread the risk



11/4/2015

TSLA gapped up over $21 post-earnings, so I was able to buy back both puts at $0.02 each


GROSS PROFIT:  $117 in 1 day


Success!



Have some fun around earnings season and SELL PUTS!
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