- $2.54 (34.05%)
- $2.51 (33.51%)
- $2.00 (25%)
That's over $500 profit on 2 contracts of this trade ...
Now to TSLA:
This is the Gigafactory, where Tesla makes batteries at scale, hoping to bring the price per unit down.
But on Thursday from CNBC, some employees leaked:
Tesla employees say to expect more Model 3 delays, citing inexperienced workers, manual assembly of batteries
I had sold the 340 put and the 352.50 call, and so when I saw this:
... around 11a.m. Friday I went ahead and closed the put spread for a small loss.
But as you can see from the chart, if I'd held on I could have made full profit on this
trade as the price recovered over $340 just before the close.
Profit I would have made: $0.59 / $1.91 = 30.8%!
Another small mistake to get over with during the test phase for this one ... but officially the TSLA trade is now 3 for 3: 100%!
More next week ...
