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Friday, April 12, 2019

Options trade: Tesla (TSLA) short call (semi-bearish trade)

Thursday, 4/11/2019 (12:04:22 pm, PT)

sell short -1 April 18, 2019  $285 call option at $1.40

Facts:
  • TSLA was trading near $268.02
  • bad news about TSLA manufacturing plant
  • 15.13 delta
  • 7 days 'til expiration (DTE)
  • stochastics: middle
  • margin:  $2274.97


Friday, 4/12/2019 (11:12:19 am, PT)

buy to close at $0.90 (take profits)

PROFIT:  $50 (in one day)

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