I opened
$TSLA VERTICAL 241122 CALL 360.0/CALL 365.0$ ,
TSLA: sold bear call on TSLA at near term resistant level of $360 and buy back at $365, risking maximum $500 per contract on this trade.
Premium collection is $135 so is about 27% reward to risk ratio.
Expiry by this Fri 22nd Nov so we'll know outcome by then. Still think TSLA is overbought despite the sell off last week and strongly rebounded on Monday 18th Nov.
Short term trade that I'm ok to risk.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments