Tuesday, October 20, 2015

Sold 2 calls of TSLA_102315C210 at 4.95

...and the stock crashed. Sometimes, prices (http://www.profitfromprices.com) tell you more about the stock than what Consumer Reports editor can tell you! Few days back, the stock dropped from $250 or so to $212. It created a possibility for the Tesla stock to come back to $230. Over last 2-3 posts, I mentioned my desire to be on the short side when it hits $230 level. Now this morning it was almost that level. Yesterday TSLA stock did touch 230 mark. I have sold call options at $220, $225 and $227.50. Debated few times about shorting the stock but I guess having a potential short exposure of 1000 shares (due to the sell of Call options), I didn't want to get into too much risk. I feel bad today but hey, I had made my decision.
Today TSLA got bad report by Consumer Reports and there was precipitous drop in price from $227 to $202!!!
As things are happening the way I wanted, I am creating some more short positions. Sold 2 call options for the week...

> TD Ameritrade, Inc. Courtesy Fill Notification
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> Account number ending with: 3391
> Account owner: JAYESH PATEL
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>
> For your order to sell to open 2 calls of TSLA_102315C210 at 4.95 limit, good for today:
>
> You sold to open 2 calls of TSLA_102315C210 at $4.95 on 10/20/2015.
>
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> Please refer to order number 11938174717 when inquiring about this order.
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