A Trade for next Monday.

Maybe, it is because I am conservative as far as risk management goes, I would pass on this trade. Just my 2 cents. It is your monies like I tell friends who also, trade, do as you wish.

 

not sure about this one. according to my calculation, at expiration TSLA needs to trade over $1800/share or under $1230/share to simply break even.

 

Yes, I did not push it. Maybe because I am on the hook for BLK straddle as well as SPY and QQQ

 

Yes, but with TSLA and earnings and short-covering, it is plausible...I have placed a sim(paper money) trade for 3 straddles.

 

your going to close it before earnings or hold it through?

 

if you close before earnings

 

If you hold through

 

Sell after the earning move before it expires.

 

$1773/$1246 breakeven - but you can make money in these straddles before it reaches that. I was trading a BLK straddle and I was up $300 except the marker maker had a bid/ask spread so wide you could drive a truck through...
All you need is a goose in the price/volatility and cha-ching...