Sam Koovappadi

TSLA - Sold Bull Puts 215 and Bought 210 expiry Jan 26 - for a net credit of 2.33. That means for every 100 options collected $233. Risk is $500 ( width of the spread) less premium collected $233. Close to 1:1 Risk to Reward. As long as TSLA trades above $215 on expiry - I can get to keep the premium. Of course, I may not hold it that long... Stay close. Why did I do this trade?TSLA on the daily chart is close to -3ATR. During the last one year, it has been in this range only for a few days, so likley this would move higher than $215, specially with earnings coming up on Jan 24

TSLA at EOD is close to -2ATR. This has happend only twice in the last year.Once in Oct and for a few days in August. If this hows signs of bouncing from these levels( hope so), will be selling Bull Puts. Lets see how it flies. Thinking of -220+215 @2.22.

Can NVDA go higher? Results slated for 24th, I believe.