I closed 1 lot(s) $TSLA 20240531 195.0 CALL$  ,Another week has passed, and another Covered Call option has expired. With Tesla remaining range-bound, this option expired worthless, allowing me to keep the full premium collected. Throughout the entire month of May, Tesla briefly reached a high of $194 but largely remained confined within a tight range between $190 and $168. The stock has been hovering around the 20, 50, and 40 EMAs, with the 150 and 200 EMAs looming overhead. Tesla's price action suggests it might continue to be range-bound unless there is a significant catalyst. The next potential event that could bring volatility is the earnings report in mid-July. Until then, or unless there is some exciting news, Tesla is likely to continue trading within its current range. This stability allows for the continued implementation of the Covered Call strategy, as premiums can still be collected while the stock remains relatively stable. However, traders should remain vigilant for any signs of breakout or breakdown, especially as the earnings date approaches or if unexpected news arises.
TSLA CALL
06-01 20:32
US20240531 195.0
SidePrice | FilledRealized P&L
Buy
Close
0.00
1Lot(s)
+100.00%
Closed
Tesla Motors
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  • Aqa
    ·06-02
    💐💐 Congrats on your winning trade.👍🏻
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  • KSR
    ·06-02
    👍
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