Category Archives: B12 Trader Stock Picks

2-21-17 – Intraday Update

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.

TSLA 2-21-17-intraday

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