Tesla
Short

TSLA Tesla Options Ahead of Earnings

Updated
If you haven`t bought the trend reversal move:
TSLA Tesla Options Ahead of Earnings

or the Bullish Pennant Pattern:
TSLA Tesla Options Ahead of Earnings


Then analyzing the options chain of TSLA Tesla prior to the earnings report this week,
I would consider purchasing the 280usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $21.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.


Trade closed: target reached
TSLA reached $261.20 after earnings, and the Puts went from $21.65 (when I wrote this article) to $28.95, resulting in a decent 35% gain!
Congrats to those who held the Puts!
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