Earnings trade on Tesla (Custom)
Updated
Made a custom Earnings trade on TSLA. Originally was going to make a bearish trade, but since today we had a over 2% negative move down, I decided to add the ratio spread to the downside.
Sold the 330/340 Call spread for $1.40
and the (1)302.5/(2)295 Put ratio spread for $.20
Total credit $160
Max win is $905 at 295 price
Max loss to the upside is $840
Naked to the downside below $286
Sold the 330/340 Call spread for $1.40
and the (1)302.5/(2)295 Put ratio spread for $.20
Total credit $160
Max win is $905 at 295 price
Max loss to the upside is $840
Naked to the downside below $286
Trade closed: target reached
Closed at the open for a nice $295 win. Flawless on earnings trades 10-10 (Yeah Baby!)
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