Trade of the week ending 31 May 2024: Profit +$2507
May 31, 2024
43 days ago (slightly longer than usual) sold 18 contracts Tesla (TSLA), $110 PUT at $1.40, expired 31 May. Total premium profit after fees $2507. This was an advanced trade similar to last week as it was against the trend AND crossed an earnings period. Due to earnings volatility, premium was good at $110 strike and would be happy to own TSLA at $110. Price went up so trade was very safe.
