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Dan

More Tesla action for $14k

Updated: Jul 15

Updating my activity on Tesla.


I had -5 cash secured puts open at $175 on Tesla which I received $7.64 premium. As they were expiring last Friday 21st June, I bought them back on the Tuesday 18th June for 0.57c ($285 total) leaving me with a $7.07 x 500 = $3535 usd realised gain. That's around $5270 aud. Secondly, after closing the June puts, I noticed some decent prices for a July credit spread at the same 175 strike. I opened a 170/175 bull put credit spread for $1.50 with 40 contracts. Basically, I sold 40 x 175 puts receiving $5.61 each, and bought 40 x 170 puts paying $4.10 each at the same time. The price difference in the put contracts worked out to be $1.51 which is my credit. Banked $1.51 x 4000 = $6040 usd or around $9000 aud. Those will be my last trades for this financial year. I'll add it all up and post results soon.

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