I placed this trade yesterday and it filled this morning. It's based on TSLA staying about $260 in 85 days. The premium is $2.38. The chance of TSLA closing above my $260 strike is is 89%. At 12 noon, i am up $100 bucks lol
I think that is a good trade as is that is close to yearly low, gives you time to adjust, and while it sliced $340 and $330 support it does have $300 from, a month or two, ago. I was thinking of selling, a put spread, myself. Not sure I'd play earnings though...this market is ruthless, beats on average are smacked down and misses are destroyed. On a side note, OptionsOptions or whatever his name is, and thought $1100 on AMZN was possible, kudos as I thought it'd go to $1050 or $900, the other way.
I think Tesla will dip below $300 by end of November. How deep? Who knows... Market is up today huge, Tesla is still in the red...
With model 3 delivery success will generate a lot buzz. I'm scheduled to test drive today. I may reserve model 3 for 1k...
Change the drop down to "touch by...", not "close on..." That will show 45% chance. But I suspect the real chance is actually higher than that.
I test drove Tesla S and SUV with performance option. What a blast! Took it on I95 and tried the driver assist and lane change, it works! It will actually drive hands off steering by itself in traffic. For 100+k for S and 160+k for SUV it's expensive but no more fuel expense. Down side is 300 mile range and 30-45 min stops for recharging. DC to Boca 1000 miles is 6 stops and 20 hours.
If only it had a combustion engine. There is no reason any tesla technology can't be in a gasoline Audi or Mercedes.