sell short -1 May 10, 2019 $277.50 call option at $1.53
Facts:
- earnings results were announced on 4/24, stock dropped $10 the next day (4/25)
- 15 days 'til expiration
- TSLA @ $247.56 (I went $30 out-of-the-money)
- 11.29 delta (relatively "safe")
Fri 4/26/2019 (9:04:42 am, PT)
buy (to close) short call option at $0.50
PROFIT: $103 (1 day)
Comments: I decided to close my trade for several reasons:
- to protect my profit
- I don't know what's going to happen in the next 14 days
- any type of positive news will result in a "short squeeze" and my short call will end up in trouble
FREE LESSONS: LEARN TO SELL CALL OPTIONS.
