Call Bear Spread on Tesla with Potential 4.32% Return in 21 days
On May 19, 2023, I sold another 1 call bear spread on Tesla stock with strike prices at $210 and $215 with expiry on June 9th, 2023.
For this five-dollar-wide credit spread, I was rewarded with $21.60 (after commissions).
About 4.32% potential return in 21 days, if options expire worthless.
Short delta 0.08, or about 92% probability that the trade will ex…
Keep reading with a 7-day free trial
Subscribe to Covered Calls with Reinis Fischer to keep reading this post and get 7 days of free access to the full post archives.