TSLA option calls are on fire up 21% in 10 minutes

Tsla options have skyrocketed to all time highs but what did we play?

I usually did not want to play TSLA when it is already coming up but I took the risk. The option chain was pretty expensive and I was able to get this at $12.25. It is still a huge amount of have it in options but again, you need to know your risks. Tesla has been very bullish since the beginning of the year and when it runs,it really really runs.

I have seen TSLA contract prices from $4 up to $100 per contract. So to get the actual cost of the contract you multiple by 100.

TSLA +21%

This could have kept going but again, this was not near my risk tolerance so I had to cut it quick enough. There was enough call volume that I had confidence in to buy some contracts.

So on this day, it was the only play that I closed off.

I still have the same ones open from the last post. DKNG again will probably be a goner. Although the flow was great on it.

TICKER EXPIRE STRIKE
DKNG 8/21 $40.00
WMT 8/21 $140.00
LUV 12/18 $55.00
HPE 9/18 $20.00
FB 8/21 $280.00
SNAP 8/21 $22.50
MU 8/14 $49.50
V 8/21 $202.50

 

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