TSLA: sold bear call on TSLA at near term resistant level of $360 and buy back at $365, risking maximum $500 per contract on this trade.
Premium collection is $135 so is about 27% reward to risk ratio.
Expiry by this Fri 22nd Nov so we'll know outcome by then. Still think TSLA is overbought despite the sell off last week and strongly rebounded on Monday 18th Nov.
Short term trade that I'm ok to risk.
| Side | Price | Realized P&L |
|---|---|---|
| Credit Open | -1.35 | -- Holding |
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