I closed $TSLA 20240531 220.0 CALL$  ,TSLA: closed the 2 covered call on TSLA with 93% max premium. Total premium collected was 1.6% for 9 days of contract and closed this 23 days ahead of expiry so the trade idea was a good one. TSLA spiked up 15% after Mr. Elon China visit and FSD approval with its local partner. With no real projection of monetisation or timeline, I took up a bearish bias on the news and sold the covered call. TSLA had came back down 12% off the peak since then therefore allowing me to secure these profit ahead of time.
TSLA CALL
05-08 22:02
US20240531 220.0
SidePriceRealized P&L
Buy
Close
0.25+93.27%
Closed
Tesla Motors
# Trade Feed: Who is your favorite star traders?

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.

Report

Comment4

  • Top
  • Latest
  • Nice job on closing the covered call on TSLA with a 93% max premium!
    Reply
    Report
  • gguohui
    ·05-08
    时间点把握得,非常准!
    Reply
    Report
  • jethro
    ·05-09

    Thanks for sharing 😁 

    Reply
    Report
  • KSR
    ·05-08
    👍
    Reply
    Report