the $TSLA January monthly 760 calls from 8.65 10X OVERSIZED are now worth 110 bucks so we now have 117X OVERSIZED PURE PROFIT on options expiring next week. But to lock in or remove some of that risk here we are closing to buy this week 1000 calls same contract amount and double short 880 calls also for this week at 11.00 area. This removes 15X OVERSIZED risk for now and still leaves us with a bullish position for next week.
as you can see we hit fib target today so we must also go bearish with puts again. HUGE SMILES on TSLA more than paying for any and all puts hedges
as you can see we hit fib target today so we must also go bearish with puts again. HUGE SMILES on TSLA more than paying for any and all puts hedges