mster
07-18

I closed 1 lot(s) $TSLA 20240816 270.0 CALL$  ,This Covered Call for Tesla was a rolled up and out after the stock price shot up beyond my original strike of $240. This CC is a month long, looking at it the pass few days after Tesla has leveled off from its run, it trends up and down at times with a price difference of 200-300 dollars. Thus decided to get in and out of this same strike and date to take profit. So now once the price head up above my buy to close price of 1100, will then sell again. Thus locking in some profit along the way. 🤞. Shall see how this work out.
TSLA CALL
07-17 23:08
US20240816 270.0
SidePrice | FilledRealized P&L
Buy
Close
11.00
1Lot(s)
+44.42%
Closed
Tesla Motors
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  • BlancheElsie
    ·07-18
    TOP

    Sounds like a well-thought-out strategy! Rolling up and out after Tesla's stock price increase is a smart move to protect your gains and adapt to market conditions.

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    • mster: 
      Thanks. Guess am heading the right direction than. 😅🙏
      07-18
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  • NEXTTOME
    ·07-18
    TOP

    Great ,so how do price fluctuations of $200-300 affect the covered call strategy for Tesla?

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    • mster: 
      The fluctuations of 200-300 was referring to the option contract price action. Not the underlying price. With 200-400, the underlying probably move about $3-$5
      07-18
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  • Mess0M
    ·07-18
    TOP

    Thanks for sharing,And I want to know how does the price movement of Tesla stock impact the covered call strategy?

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    • mster: 
      When a Covered Call option is opened, the value will go into positive if the underlying dips, in reverse the option value goes into negative if the underlying price goes up. One can just hold on till expiration to see what happen to the option or can get in and out (buy back and sell again)
      07-18
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  • doozii
    ·07-18
    Great strategy
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  • 33Serene63
    ·07-18
    Smart move
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  • 黄昏之年
    ·07-18
    666
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