Tesla

With the big move in PLTR just recently I wasn't all that happy to write puts on it right away, so I went looking for something else I'd be happy to buy, and TSLA was looking reasonable. I wrote some 165 puts for $6 and made a 3.63% return for the month, however my plans changed during the trade. As it happens, I'm going to be away on holiday when the April options were due to expire, so I bought them back early for $1.53, and wrote some new ones for $7.04. My 3.63% return dropped to 2.7% with the buyback and that position was open for 37 days. The new puts that I wrote have the same 165 strike and a 17 May expiry. If they expire, I'll keep a 4.26% return earned in 35 days.

Here's what they've been doing for the past two months:

I'm thinking they will likely bounce from this level, if so I keep the $11.51 without needing to buy, and if not I will buy for $165 - $11.51.