TESLA MOTORS
11/12/2013 O STC TSLA Nov13 142 Put 8 $4.65 $14.95 $3,704.73
11/12/2013 O BTO TSLA Nov13 142 Put 8 $3.30 $14.95 ($2,655.20) 1,049.53
Total Realized Gain/Loss for TSLA $1,049.53
This trade was made actualy off the 55 chart gap.
There was a gap on 11/6 - 11/7 and yesterday TSA could not close that gap. When I saw the red candle growing and glancing at the 34,21,10E and 5E I bought @ about 9:42. I placed my option .20 lower than what was offered which at that time was 3.60.
As soon as I clicked I was in at $3.30. I sold at 10:08 AM. I was in this trade 26 minutes. Although the trade is higher right now @ 10:33, I generally do not argue with $1,000.00 in 26 minutes.
I generally place my options to buy lower than offered if it looks like the stock will have a pull back. And I place my sell order higher than what is being offered if it looks like the stock will go slightly higher (lower).
These were the only signals I saw but knowing the negative feelings by investors and traders I was almost !00% certain of my trade. Done for the day.
ADD S/O bouht @ 10:20 (TSLA) and is currently up $1040.00 with 8 contracts. LOL he is fussing because I left $ on the table. LOL....
Edited 2 time(s). Last edit at 11/12/2013 12:00PM by Darcy2.