Option Strategies: TSLA, WDFC, BA& SAVE
Hello everyone! Today i want to share some option strategies with u!
1.
Took the $Tesla Motors(TSLA)$ ... sold the Apr 19 exp 135p. Should have sold it at market open, but was distracted with other stuff. Not sure if this is a dead cat bounce and TSLA continues to dump again this week, but just gonna take the trade and leg into more put positions if it does dump.
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2.
Was gonna place this trade today, but looks like we may have dodged a bullet. $Spirit Airlines(SAVE)$ has been halted for trading, but don't see any news anywhere. Anyone know if the merger got approved or denied?
$Spirit Airlines(SAVE)$ down 50% and the Jan 19 exp 2.5 strike puts don't have any premium to sell. Come on MMs !!!
3.
Bad news: Looks like we might be taking losses on a $Boeing(BA)$ 205/202.5 put credit spread and $WD-40(WDFC)$ 270/280 call credit spread this week.
Good news: The day trade call restriction on our account gets lifted tonight and we'll get back 4x buying power (versus 1x that we're currently on due to the restriction) plus time-and-tick.
4.
This is interesting ... optionselling happening on the $Tesla Motors(TSLA)$ Dec 15 2025 exp 200 strike put ... based on options flow. Might have to look into taking a longer-term put-selling trade in addition to the Apr 135p we got in play now.
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- zippiee·2024-01-20Sounds like a wild rollercoaster ride! 🎢LikeReport
- chenobserver·2024-01-20Love your options picks! 🚀LikeReport