One too many talking about hypothetical1xx
TSLA
prices
I am seller of March put premium here at fill of yesterday's close
Using part of proceeds from put sale to buy March 230 calls, confluent with D1200EMA
March 230 calls now trading around 7.77 (lucky)
If we revisit MID of the whole move (258) before then we'll realise at minimum the $28 of intrinsic value (~4x initial, excluding proceeds from put sale, of which we'd retain 100%)
TSLA
prices I am seller of March put premium here at fill of yesterday's close
Using part of proceeds from put sale to buy March 230 calls, confluent with D1200EMA
March 230 calls now trading around 7.77 (lucky)
If we revisit MID of the whole move (258) before then we'll realise at minimum the $28 of intrinsic value (~4x initial, excluding proceeds from put sale, of which we'd retain 100%)