Call Spread on TSLA on 11/13/2017

Tesla Motors, Inc. (TSLA) designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally.

It primarily offers sedans and sport utility vehicles. The company also offers electric vehicle powertrain components and systems to other manufacturers.

Tesla Motors, Inc. sells its products through a network of Tesla stores and galleries, as well as through Internet.

Shares have sold off recently after the firm missed its delivery targets for its Model  3. They are presenlty sitting below their 200-day MA. The firm plans to launch its semi-truck this week. We expect that will boost share prices.

We will be trading November 17th Options

52-Weeks Trading Range: $178.19 to $389.61

Last Trade: $302.10

Trade Buy 1 November $302.50 Call at $6.00 Sell 1 November $315.00 Call at $1.75 For a net debit of $4.25 Profit/Loss Analysis Breakeven at $306.75 Maximum profit is $825.00 at strike of $315.00 Maximum loss is ($425.00) at strike of $302.00 Closing Summary Sold 1 November $302.50 Call at $13.50 Bought 1 November $315.00 Call at $5.00

Position closed on 11/13/2017 at price of $8.50 with a 100.00% gain in 0 days.

Updates

11/13/2017 3:26:46 PM

We are taking profits on TSLA Call Spread.

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