TSLA: collect 1.05% premium for this sold call with strike at $320.
Contract expires next Fri on 18th July.
Had recently closed short positions on TSLA to secure profit. Still bearish on its short term output so decided to open this new bearish bias trade on it.
The Elon - Trump saga part 2 turns to be mutially destructive for both parties but especially so for Elon as TSLA and other companies rely heavily on Gov funding, contracts and many subsidies to stay profitable.
Any more missteps by Musk would further destabilise TSLA price.
Any reconciliation would be viewed as stop gap as broken glass won't ever be the same and likewise for the Elon - Trump relationship.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 3.50 1Lot(s) | -- Closed |
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- moonbop·07-09Your analysis highlights the risks well.LikeReport
- JamesWalton·07-09You've made a thoughtful observation on TSLA's volatility.LikeReport
- DeltaDrift·07-09True… Elon-Trump game now for TSLALikeReport
