Have a small short position on Tesla for earnings. Although I’m already up 100% on the put I will be holding into earnings.
As you can see on the 4h chart here. I posted yesterday that the right shoulder was forming and entered short positions on Monday. I will hold until it hits the neck line then sell and re purchase further dated otm puts.
Will be buying a few otm puts and one very far otm call strangling Netflix. Earnings likely to see a big down move.
NVDA due for a large drop in coming days. HNS on daily chart
