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Added 3% to my TSLA position at $214  on the nose. 

I bought the Jan TSLA JAN 16 2026 200.0 Call Net Debit 77.01

I sold the TSLA JAN 16 2026 210.0 Put Net Debit 48.76

My breakeven on this trade is for TESLA to be at $228.24 by Jan 2026. 

NOTE THIS USES MARGIN - Always have tons of margin before you sell a put.  WW3 could happen or some other black swan. 

NFA


Comments

Anonymous

Hi James, can you kindly please clarify how you attained at $228 Tesla breakeven price on this trade?

Anonymous

Difference bt the net debit on the call and put cost, added to his call price of $200.

Anonymous

What do you mean bought on margin

Anonymous

More than likely, James used harvested cash plus margin as collateral to cover his sold PUT. If Tesla were to fall due to a Black swan event, he could get a margin call..etc