Option Strategies: TSLA& GOOGL
Hello everyone! Today i want to share some option strategies with you!
1.
Executed our trade on $Alphabet(GOOGL)$ . Changed it up slightly.
▫️ Bought the 1x1x2 put spread as planned
▫️ Bought a July 26 exp 200/205 call debit spread
▫️ Sold the Aug 9 exp 205 calls
2.
We bet wrong on $Tesla Motors(TSLA)$ for earnings ... 🤣 !! Oh well ... such is life. Here's what we're gonna do.
For the July 26 exp 280/285 call debit spread:
▫️ Keep the 280 long call as as worthless hedge
▫️ Roll the 285 short call down to the 240-250 range for net credit (assuming there is decent premium still available) to offset some of the loss
For the July 26 exp 227.5/225/195 put ratio spread:
▫️ Hold the 227.5/225 put debit spread to see if we can get max profit (assuming TSLA sells off more tomorrow and does not stay above 225 by end of week)
▫️ Hold the 195 short put to see if it will expire worthless or we can close for profit later in the week ... otherwise we will roll it to a lower strike and out a week or so ... or ... depending on how TSLA trades, we might even roll up the strike for net credit (keeping the July 26 exp) if we think TSLA will close the week above that strike
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