Back
BlogsOPTION PLAYS FOR TESLA EARNINGS

Netflix Earnings TradesUS S&P Global Services PMI Flash (Jan) 52.9 vs. Exp. 51.0 (Prev. 51.4)

Darren Krett

Tuesday 23 January 2024

Share on:

US S&P Global Services PMI Flash (Jan) 52.9 vs. Exp. 51.0 (Prev. 51.4) facebookUS S&P Global Services PMI Flash (Jan) 52.9 vs. Exp. 51.0 (Prev. 51.4) twitterUS S&P Global Services PMI Flash (Jan) 52.9 vs. Exp. 51.0 (Prev. 51.4) linkedin

Post views: 4426

OPTION PLAYS FOR TESLA EARNINGS

Categories

Blog

So here we are again….everyone’s favorite trading stock Tesla has its quarterly earnings. Now while our system does not give you a direction, it will tell you the best option trade based on your view. Up/down, vol up or vol down..I can show you what to do.

Looking at the chart, while I could easily see a push-up to the trendline at around $222, but it still looks like the overall trend is bearish.

chart doesn't look that great![]

So to represent this (a short term move up followed by a rejection and move lower) I am running a very short-term upside play, with a more medium-term downside one.

My upside trade is targeting the following; $222 target with a bit of wiggle room

So BB1 came up with the following list based off my $222 target with a 221/224 range to make money

Out of the list I chose the 215/222.5/230 call fly 90 times(contracts)... at around 94 cents its not a bad upside punt, just bear in mind that this is a 3 day option...either you'll be laughing or it will be a total loss..this would be the P&L of that trade...

The downside trade is looking our days from now, give or take ( our system will not specify an exact point unless you ask it to, because in the real world that rarely happens) with a target RANGE of $170 to $180

here's my target price range, date range and volatility range

and out of this,I went for...... the 160/170/180/190 put condor

the 160/170/180/190 put condor and its component parts

Just check out the heat map...a lot of green... your downside play heat map

the system is taking advantage of the increased put skew to show that this is relatively cheap and on a risk/reward basis is probably the best trade to do

the 5 & 10 delta puts are a little rich

Related reads

Blog
Netflix Earnings Trades-image

Darren Krett

Monday 22 January 2024

Netflix Earnings Trades

So tomorrow we have Netflix earnings...we are not here to tell you where it will go, but what we CAN tell you is the best option trade to ex
Netflix Earnings Trades

0


Comments (0)

Get started with Leviathan FM today

7 day free trialContact us
See our pricing

© 2015 - 2024 Leviathan Financial Management LLC. All Rights Reserved.

Legal Disclaimer: The information provided in the Leviathan website is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor professional to determine what may be best for your individual needs. Leviathan Financial Management does not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, Leviathan Financial Management disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice. Your use of the information on the website or materials linked from the Web is at your own risk.