Dipping into another 
TSLA short term price rally to hopefully bank another winner using Credit Spreads.
In the 3/29 $265/255 Puts Spread, currently valued at $200/contract, $1000 collateral (in at $300), looking for 50% or more return over the next few days.
Played this last week using the 3/15 $267.5/272.5 Put Spreads, netting an 82% return in 4 days.
Probably entered a little early this time, but price confirmed with a bounce off the downtrend channel bottom and the historical resistance level at $265.
TSLA short term price rally to hopefully bank another winner using Credit Spreads.In the 3/29 $265/255 Puts Spread, currently valued at $200/contract, $1000 collateral (in at $300), looking for 50% or more return over the next few days.
Played this last week using the 3/15 $267.5/272.5 Put Spreads, netting an 82% return in 4 days.
Probably entered a little early this time, but price confirmed with a bounce off the downtrend channel bottom and the historical resistance level at $265.
Note
might seem like a high risk for a low reward, but with the trend on my side and only a 26% chance of the $265 Put coming ITM, I'll play the +70% odds of success.Little victories to help grow my account.
GL
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.
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.