Discussion in 'Options' started by Pekelo, Jun 12, 2017.
15.78 points, not %
Down 4.31% on the day, quite a bit less dramatic
Thanks for correction...
It hit an all time intraday high the day after I posted that. From $379 to $389. Like I said, the chart looked strong. Who knows. I wouldn't short it here though.
The position is down to $3.87. TSLA is at $355 the position after a month is up 20%.
which tool did you use for backtesting?
Some guys have all the luck...
Price rallied back ($338) and the position is nicely out of the money 3 days to expiry... The IC is down to $1.57, just in case it should be closed and take the 60% ROI.
Bet you had a few anxious moments when it went under 305$ though!
Well done so far!
You would have done well if you did short it.
True, but Elon's tweet, we trust! I should have sold either lower down another vertical puts (270/260) or at the midpoint vertical calls.
For the record the IC finished OTM, but I didn't trust it. For the future, I think the delusion still there so I expect TSLA going sideways in the same 300-400 range. As long as the market doesn't tank, these ICs can be still played.
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