IA Trade Alert: TESLA HEDGE (Patreon)

Published:

2021-10-25 17:00:02

Edited:

2021-10-26 15:07:50

Imported:

2022-04

Content

I just sold The $1100 Call Options against my TESLA Long Position for $165 against half my holdings.

They are out of the money calls. I start to lose money on the trade if TESLA goes above $1265 between now and Jan 2023

I will buy them back on weakness or when VIX falls (VIX is volatility)

The option I sold is $110 out of the money and I collected a massive premium of $165 per share.

The chart tells me it is extremely overbought - very much outside the BB range.