This is an ongoing trade, 3rd week in running. As much as I want to own the stock at $250 and below, I also want to lower the cost basis.
STO next week $TSLA 20250328 245.0 PUT$ for 7.55,
BTC this week $TSLA 20250321 245.0 PUT$ at 0.10.
Net gain $738 from last week sales (see other post) This week was quite a scare when it dip to low $222 prior to Feds IR mtg and Mark 'Liar' Rober fake Lidar crash. I was ready for assignment, but seems like lots of buyers decided to snag the bargain after Elon 'all-in' Robo taxi reaffirmation and lotsa positive FSD videos from China testers.
I think this is the lowest level, going fwd it will sideways and recover. I will also pause selling calls.
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