$TSLA bulltrend continues? Long call vertical spread!
Updated
TESLA smooth RSI confirms the breakout, well defined loss level.
Max profit: $165
Probability of Profit: 60%
Profit Target relative to my CAP: 46%
Max loss with my risk management: ~$100
Req. Buy Power: $355 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 16 (relative low)
Expiry: 51 days
Buy 1 TSLA May21' 595 Call
Sell 1 TSLA May21' 600 Call
Debit Call spread for 3.35db, because IVR is relative low.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 100$. Probability of loss in this way: ~20% .
Take profit strategy: 50% of max.profit in this case with auto sell order at 4.2cr. Probability of profit this way: ~80%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
Max profit: $165
Probability of Profit: 60%
Profit Target relative to my CAP: 46%
Max loss with my risk management: ~$100
Req. Buy Power: $355 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 16 (relative low)
Expiry: 51 days
Buy 1 TSLA May21' 595 Call
Sell 1 TSLA May21' 600 Call
Debit Call spread for 3.35db, because IVR is relative low.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 100$. Probability of loss in this way: ~20% .
Take profit strategy: 50% of max.profit in this case with auto sell order at 4.2cr. Probability of profit this way: ~80%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
Trade closed: target reached
Today closed at 4.2cr in $85 profit.Markets are slow, now better to wait till the bigger VIX and IVR values.
No position is a position.
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REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
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