Terra Incognita
06-25
I opened $TSLA 20240726 215.0 CALL$  ,TSLA: collect 1.5% premium on this covered call for TSLA with strike $215 which is about 16% higher than current market price. The contract duration is for 30 days expiring on 26th July. Tesla had been ranged bound since the initial pop after earnings in late April. Technicals are still bearish and trading below its main 200 days MA by significant margin. Sold the covered call above this 200 days MA for margin of safety while still collection acceptable level of premium.
Trading Order
SymbolSidePriceFilled time
TSLA CALL
US20240726 215.0
Sell
Open
3.292024-06-2522:12:17
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