Then analyzing the options chain of TSLA Tesla prior to the earnings report this week, I would consider purchasing Puts with a $183.33 strike price and an expiration date of 2023-4-21, for a premium of approximately $6.80. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
Trade closed: target reached
TSLA price target reached! TSLA trading at $165.01 after earnings. Puts are now $16.50 at the time of writing from $6.80 when I posted this idea. A gain of 2.42X if you followed the signal. Of course, you need to do your research first!
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