We were bullish below $200. Now we're betting on a modest, short term pullback.
Shouldn't it be the $257.50 and $260.00 options? (not the $250.00?)
Long the $257.50 calls and short the $255 calls. Just corrected it. Thanks for the heads up.
Tesla closed at $239.20 today, so our call spread expired worthless and we keep the full net credit for a gain of 150%.
Tesla down 6.5% now. Nice timing on this one so far.
Shouldn't it be the $257.50 and $260.00 options? (not the $250.00?)
Long the $257.50 calls and short the $255 calls. Just corrected it. Thanks for the heads up.
Tesla closed at $239.20 today, so our call spread expired worthless and we keep the full net credit for a gain of 150%.
Tesla down 6.5% now. Nice timing on this one so far.