Call Spread on TSLA on 4/22/2014

Tesla Motors, Inc. (TSLA) designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components.

The company also provides services for the development of electric powertrain systems and components, and sells electric vehicle powertrain components to other automotive manufacturers.

It markets and sells its vehicles through Tesla stores and galleries, as well as over the Internet. The company operates a network of 80 stores and galleries in North America, Europe, and Asia. 

In the next few days, the firm will begin delivery of its first round of its Model S cars in China. It is expected that the event will bring additonal interest into the stock leading into its quarterl report on May 7th.

52-Week Trading Range: $48.98 - $265.00

Last Trade: $205.00

Trade Buy 1 May $205.00 Call at $15.75 Sell 1 May $210.00 Call at $13.50 For a net debit of $2.25 Profit/Loss Analysis Breakeven at $207.25 Maximum profit is $275.00 at strike of $210.00 Maximum loss is ($225.00) at strike of $205.00 Closing Summary Sold 1 May $205.00 Call at $21.50 Bought 1 May $210.00 Call at $18.80

Position closed on 4/23/2014 at price of $2.70 with a 20.00% gain in 1 days.

Updates

4/23/2014 9:33:03 AM

We are taking profits on TSLA call spread.

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