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Thursday, February 11, 2016

Tesla (TSLA) Feb earnings play

2/10/2016 (12:58:42 pm, PT)

sold -2 Feb 12, 2016 (wk 2)  $105 puts at $1.05

Why did I place this trade?
  • TSLA was announcing earnings after the Closing Bell
  • the "expected move" was plus or minus $22.51
  • TSLA was trading around $143.67 when I placed the trade
  • probability of success:  90%

2/11/2016 (10:43:20 am, PT)  ....  ONE day later 

buy back both puts at $0.02

PROFIT:  $206  (in ONE day!!!!)


SELL PUTS and/or CALLS right before earnings announcements when the IV is high and premiums are inflated.
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