Dipping into another $TSLA short term price rally to hopefully bank another winner using Credit Spreads.
In the 3/29 $265/255 Puts Spread, currently valued at $200/contract, $1000 collateral (in at $300), looking for 50% or more return over the next few days.
Played this last week using the 3/15 $267.5/272.5 Put Spreads, netting an 82% return in 4 days.
Probably entered a little early this time, but price confirmed with a bounce off the downtrend channel bottom and the historical resistance level at $265.
In the 3/29 $265/255 Puts Spread, currently valued at $200/contract, $1000 collateral (in at $300), looking for 50% or more return over the next few days.
Played this last week using the 3/15 $267.5/272.5 Put Spreads, netting an 82% return in 4 days.
Probably entered a little early this time, but price confirmed with a bounce off the downtrend channel bottom and the historical resistance level at $265.
Little victories to help grow my account.
GL