TSLA covered call for 2 days

Sep 4 475 calls were $20.20 at the close. I know it is risky but I am tempted. I just have $49000 free cash left. What do you think? 2-days only...the breakeven stock is $460.

 

If you have shares then why not? The equity issuance gives reason to an outsized move in Tesla share price

 

I don't. I am thinking of initiating the whole thing for a quicky.

 

Not having a trading plan and asking the internet for advice maybe isn't the best way to do this.

 

It's a short put. Choose a strike and price the put. Credit look good? Short it. Don't take the edge loss in shares and the call.

 

I just told you my trading plan, genius! 2-days, the risk is TSLA falls out of bed. Profit $1600. TSLA falls out of bed? Manageable. Wise? I do not know. But I do not like TSLA long term. BTW. Thanks for your useless comment!

 

This thread aged poorly.

 

what if he shorted a FairPut (TM)?

 

Is he related to the guy that invented Price Drivers(TM), commonly known as Pile Drivers?