OptionsAction's MIchael Khouw's Bearish TSLA Trade
On Friday's Options Action, the crew analyzed the performance of Tesla (TSLA) stock. Tesla has traded within a range for over 3 years before breaking higher towards its $375 highs. Recently, TSLA has started to trade back into the range after a heavy selloff a few weeks ago. Coupled with lower Model 3 delivery numbers and dwindling cash reserves, risks are skewed to the downside. Expecting TSLA to trade lower after their earnings announcement, Michael Khouw suggests Selling a May 18 250/280 Put Ratio 1x2 for a $2.00 Debit.
We've structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience.
View this trade in OptionsPlay: app.optionsplay.com/
Cost: $230
Max Reward: $2,770
Max Risk: $22,230
POP: 34.68%
Breakevens: $222.30, $277.70
We've structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience.
View this trade in OptionsPlay: app.optionsplay.com/
Cost: $230
Max Reward: $2,770
Max Risk: $22,230
POP: 34.68%
Breakevens: $222.30, $277.70
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.