TSLA 130 weekly put at $0.55

Going for a 9x on the TSLA 130 weekly put at $0.55. TSLA currently at $141.10, my price target is $125.00.

 

The reason I am very bearish is because of the big jump in TSLA stock after the positive safety review from Germany following three crash-related fires.



TSLA 1-Month Chart

 

When is the put expiring? I consider TSLA to be extremely dangerous or uncertain here for a short. If you have a few months , yes, it might be doable but if the put is expiring in a week, then it's at least from my point of view quite a gamble.

Good luck though. Fortune favours the brave.

Gringo

 

The Puts are the weeklies, which expire this Friday Dec 13, 2013.

I wouldn't consider the weeklies a gamble compared to a few months out. The March 2013 130 Puts are $13.25, the weeklies only $0.55.

 

good luck brah, hope those puts don't expire worthless

 

yeah, those darn weeklys have such a tiny time value; probably better to sell them

 

lol you literally called the low print on the stock.

 

Why would I sell them? My price target is $125.00.

 

ints agood trade, guaranteed to win one out of 100 at least

 

Not quite true ........ The high of the day for those 130 puts was $0.67, a 20% increase over the $0.55 I bought them for. Still 3 days left in this trade.