TSLA Trade on Aug 13, 2020 16:28 from tradelikelarry: Tradervue User Stock Trades.

Shared by
tradelikelarry

Trade Planning:

Daily Chart: Uptrend.
TTM Squeeze: Daily
Earnings Date: 10/22
IV: 60%
Potential Profit: $85
Potential Loss: $15

Reason For Entry:

Playing the Daily chart, Call Credit Spread. This is one of Omega Options Signals plays. TSLA made a strong move up based on a stock split news. It is at a resistance area and betting that price action will close below the $1710 level for max profit.

Reason For Exit:

TSLA expired worthless and I collected 100% of the premium.

Recap:

This Call Credit Spread trade was a signal from Omega Options Trading, the breakeven level was just above a key support level. I held the position for 1 day and it expired worthless and collected 100% of the premium. Nice small win overall.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-08-13 16:28:39	14 AUG 20 1710 CALL	sell	$6.010	short
2020-08-13 16:28:39	14 AUG 20 1720 CALL	buy	$5.160	long
2020-08-15 18:03:47	14 AUG 20 1710 CALL	buy	$0.0000	0
2020-08-15 19:01:25	14 AUG 20 1720 CALL	sell	$0.0000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=18513932&end=20200912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=18513932&end=20200912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=18513932&end=20200912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=18513932&end=20210110&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

TSLA Trade on Aug 13, 2020 16:28 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

Reason For Entry:

Reason For Exit:

Recap:

Leave a comment about this trade!

Editor syntax