Last week's activities
I had 2 Call options on TSLA stocks @207.50 sold at $3.95 on Feb 02, 2015. I earned a premium of $784 but the contracts got exercised and hence I have a short position in Tesla stock of 200 more stocks at $207.50. Add this to 200 short already open in MerrillEdge account so current 400 TSLA short stocks.
I sold 2 Put options on TSLA @6.45 today. This is an earnings week so the Tesla stock can move significantly. Hence premiums are also rick. As I already have Short position in the stock, I was to hedge so sold Put options at $207.50 strike price which is also the cost of Short in my TDAmeritrade account. I pocketed premium of $1284.
Besides total 400 shorts in Tesla stocks, I have two option positions are open. First one, as mentioned above, sale of 2 PUT options, plus sale of 4 CALL options at $220 at @ $5.50.
If earnings release by Tesla does not create any surprise or shock in the market, I will be a happy camper. If the stock drops, I would be more rick as I already have 400 shorts with only 200 hedged by sale of Puts at 207.50.
So far, except 400 short position open, I have around $35000 profit towards Arian's Tesla. For detailed trades, click on the menu- Transactions and you can see all trades in TSLA in a Google doc named "Trades".
** This is no advice or invitation for anyone to trade TSLA or any stock. I am posting this for my personal use. This is a real life fun experiment to see if Arian is lucky enough for riding to school in Tesla**
|TD||2/9/2015||Stock||200||$207.50||$41,489.08||Sold Short 200 TSLA @ 207.5|
|TD||2/9/2015||Option||2||$6.45||$1,283.62||Sold 2 TSLA Feb 13 2015 207.5 Put @ 6.45||$1,284|
|TD||2/2/2015||Option||4||$5.50||$2,192.25||Sold 4 TSLA Feb 13 2015 220.0 Call @ 5.5||$2,192|
|TD||1/30/2015||Option||2||$3.95||$783.63||Sold 2 TSLA Feb 6 2015 207.5 Call @ 3.95||$784|