TSLA announces earnings tomorrow after market close, so look to put on any volatility contraction play (short strangle/iron condor) before then. You'll naturally want to tweak these strikes if there is any movement during the market day ... .
Short Strangle
Feb 19th 111/180 short strangle
Probability of Profit: 74%
Max Profit: $404/contract
Buying Power Effect: Undefined
Feb 19th 106/111/180/185 iron condor
Probability of Profit: 70%
Max Profit: $101/contract
Buying Power Effect: $400
Notes: I'm probably not going to play this one, since I'm still working off FB and have DIS and BIDU on, as well as a bunch of other index ETF balls I'm juggling ... .
Short Strangle
Feb 19th 111/180 short strangle
Probability of Profit: 74%
Max Profit: $404/contract
Buying Power Effect: Undefined
Feb 19th 106/111/180/185 iron condor
Probability of Profit: 70%
Max Profit: $101/contract
Buying Power Effect: $400
Notes: I'm probably not going to play this one, since I'm still working off FB and have DIS and BIDU on, as well as a bunch of other index ETF balls I'm juggling ... .
Note
TSLA up to 157 after hours post-earnings. Would've been well within the short strikes of my setups ... .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.