Option Strategies: MU, TSLA& NVDA
Hello everyone! Today i want to share some option strategies with you!
1.
Was certain that $Tesla Motors(TSLA)$ would have a profit-taking sell-off, but did not think it would have this drastic of a sell-off in one day. 😮
Our covered calls are safe ... gonna roll those down to the 260 or 255 strike. We would have preferred to get taken out this week at 267.5, but looks like the market has other plans for us.
2.
Was hoping that $NVIDIA Corp(NVDA)$ was gonna hold over 130 and maybe test our call strike. Oh well. This trade can be closed out for profit or should be fine to expire worthless for max profit this week.
3.
Looks like this $Micron Technology(MU)$ trade can be closed out for profit or should be safe to expire worthless for max profit this week.
4.
Yo $Tesla Motors(TSLA)$ bulls ... can you please work your magic tomorrow and stop this bleeding !!!
Got the following positions expiring tomorrow:
- $267.5 strike covered calls (will roll down to 260 or lower)
- $225 cash-secured puts (don't really want assignment, so will either take the loss or roll to next week and lower the strike)
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