Over last 12 earnings for TSLA:
| Biggest UP move: | 24.4% | , | Biggest DOWN move: | -14.5% | , | Average move: | 9.7% | . |
Fuzzball suggests: TSLA – 185/235 strangle @ 2.75 right now. May widen that this afternoon. NP yet…
These strikes are 12.5% OTM on downside but only 10.7% on upside. I am comfortable with 185, as that area has been support before, but 235 is a bit close for me. Plus, I have had a few earnings trades go against me this quarter, so am more risk averse than usual. Therefore, I’m using Fuzzball’s strikes but making it a spread:
Sold to Open: $TSLA Nov 6th 180/185/235/240 iron condors for 1.00.
Options Bistro 