Call Bear Spread on Tesla with Potential 3.9% Return in 16 days
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Call Bear Spread on Tesla with Potential 3.9% Return in 16 days
On May 3, 2023, I sold 1 call bear spread on Tesla stock with strike prices at $190 and $195 with expiry on May 19, 2023.
For this five-dollar-wide credit spread, I was rewarded with $19.50 (after commissions).
About 3.9% potential return in 16 days, if options expire worthless.
Short delta 0.08, or about 92% probability that the trade will expire worth…
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