2-21-17 – Intraday Update
Sold TSLA March 3 $245/$220 Vertical PUT Spread @ $1.11 ($1,110 Credit)
- Sold TSLA March 3 $245 PUT
- Bought TSLA March 3 $220 PUT
TSLA continues higher today in it’s uptrend and I was able to get a $1.11 premium selling the March 3 contracts. The Feb 24 contracts were less so I’ve sold a bit further out.
The changes that TSLA will remain above $245 by March 3 are about 88.5%. With the existing uptrend still very strong and most markets up today, this is a fairly safe trade.
My goal is to buy back this spread @ $.50 for a $610 profit on the trade.