TSLA

[Pascal]

TSLA could be interesting here.
It almost tested the previous low and bounced.
EV is rather positive.

A break below $115 should force you to close the trade.


Pascal

[ernsttanaka]

Pascal is expecting a bounce in TSLA. The options still have a pretty good implied volatility. So if you like Pascal's call then you could consider

selling the ATM put's, buying the 115 puts and selling the 135/137 call spread for $2.60 or so.

On the upside you have no risk, on the down side your risk is $5 wide spread minus premium received $2.60 is total risk $2.40.

Total margin is $240,-. If TSLA sits here and moves up and down in the 120-135 range then you will be able to close in a couple of weeks for $100 profit or so. A nice 40% return on your money.

By the way sorry for being so quiet, but the overall low volatility is not giving much to trade. I have less than 90% of my normal exposure to the market. Low volatility combined with an out-of-touch feeling toward the market directions has made be lite.

See analyze graph attached.