Opening a Short Trade on TSLA prior to earnings announcement. Overall Trend is very bullish however, I feel TSLA needs a healthy pullback in the short term.
I am opening both TSLA Puts and TSLA Call Credit Spreads. Buying Feb 20 500 Puts and Selling the Feb 20 500/502.50 CCS at 2.20
I am opening both TSLA Puts and TSLA Call Credit Spreads. Buying Feb 20 500 Puts and Selling the Feb 20 500/502.50 CCS at 2.20
Trade active:
Trades above posted are now active
Trade active:
Adding to my TSLA short as we approach the Cash Close in the next hour. Always practice healthy risk management and position sizing. I am risking 2% of my portfolio value on this trade as I do for all my trades.
Trade active:
Post Earnings: The expected move up or down was about $62. The move was up and currently stands at 648.50. Nice Move! The short squeeze continues. :) David Einhorn must be broke by now. haha!
Comment:
TSLA announced is planning to raise more money. What a surprise ;). Sooner or later this will come back down to earth. TSLA is currently over 14 Billion in debt.