Tesla
Long
Updated

Opening (IRA): TSLA August 18th 175 Short Put

227
... for a 1.94 credit.

Comments: Selling premium in some options liquid, higher IV single name here while I wait for a better broad market IV environment. TSLA's 30-day is at 65.7%.

Targeting the <16 delta strike paying around 1% of the strike price in credit. A small caveat here is that TSLA earnings are on July 19th, so I will be "playing through" those.
Trade closed manually
Closing the August leg here for a 1.06 debit. .88 ($88) winner. Still have the September 155 on.

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