IA Trade Alert (Patreon)

Hey Team

I just bought Tesla - added about 6% to my position. Stock was at 244.80

I bought the Jan 2025 $250 Calls and sold the Jan 2025 $250 puts for a net debit of $10.

My breakeven is for Tesla to hit $260 on or before Jan 2025

Selling PUTS is risky - and trading options is risky.

I cannot find a better risk reward right now.

It could fall further during the slump but I am layering in all the way down again. $260 breakeven is a no brainer when you zoom out - this stock is going to $400 +