Thankfully Tesla earnings release worked in Arian's favor

Thankfully Tesla earnings release worked in Arian's favor. I had 400 short. Covered 200 TSLA after earnings around $195.52. Most options expired worthless except 2 put contract at 207.50 but I had 200 more shorts to cover so this exercise should take result in purchase of 200 stocks. This makes me without any open position in TSLA. Will see how the final numbers stand.

Covered 200 Tesla this morning at 195.52!

Covered 200 Tesla this morning at 195.52!

	Trade Alert           Your alert for the buy trade of  TSLA from account XXX-X2K00, was triggered on 02/12/2015 at 09:05:18 ET. You traded 200 shares for $195.52 per share.                     Trade TSLA
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FW: Courtesy Fill Notification

Intending to go long if Tesla drops after earnings today. Sold two more put options at 202.50 at $6.45.

> Subject: Courtesy Fill Notification
>
> TD Ameritrade, Inc. Courtesy Fill Notification
> --------------------------------------------------------------------------------
> Account number ending with:
> --------------------------------------------------------------------------------
>
> For your order to sell to open 2 puts of TSLA_021315P202. at 6.45 limit, good for today:
>
> You sold to open 2 puts of TSLA_021315P202. at $6.45 on 02/11/2015.
>
> --------------------------------------------------------------------------------
> Please refer to order number 1130XXXXXX when inquiring about this order.
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FW: Trade Executed for TSLA 02/13/15 P 00200.000

Sold 2 tesla put options at 200 for $4.95. I already have a short position in the stock.

	Trade Alert           Your alert for the sell trade of  TSLA 02/13/15 P 00200.000 from account XXX-X2K00, was triggered on 02/11/2015 at 09:49:24 ET. You traded 2 shares for $4.95 per share.                    Trade TSLA 02/13/15 P 00200.000

#TradeTSLA4Tesla Experiment

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

FW: Courtesy Fill Notification

> TD Ameritrade, Inc. Courtesy Fill Notification
> --------------------------------------------------------------------------------
> Account number ending with:
> --------------------------------------------------------------------------------
>
> For your order to sell to open 4 calls of TSLA_021315C220 at 5.50 limit, good for today:
>
> You sold to open 4 calls of TSLA_021315C220 at $5.50 on 02/02/2015.
>

Trade TSLA stock to buy a Tesla

I am not a car fan. I don't feel bad driving Honda Accord. I don't get impressed by someone's BMW or Mercedes Benz either. For me, a person's identity should not be derived from the car he drives. My son, Arian, who is now 8 years old is different. He loves cars. He has already promised to buy me a Bugatti when he grows old. Around 2 years ago, he got in love with Tesla. He kept asking me to buy Tesla as my next car. Having bought a car recently, a new car is not on my radar for next few years. However, seeing Arian's love, I made a deal sometimes early 2014. The deqal is: I would trade TSLA stocks and risk $10,000. If I make $50000 in my Tesla trading, we would buy one.