$TWLO BTC 6/21 130/135 BUPS at .20. STO at 1.70.
$HIIQ BTC 6/19 26 puts and STO 7/19 27 puts at added 2.80 credit.
STO $FB 7/19/2019 165/175 #BuPS @1.20. The 175 Put is 20 delta. Earnings 7/24 (after expire).
BTC $ADBE 6/28/2019 255/265 #BuPS @.12.
Tesla stock has been motoring through June, but it is having a tough time climbing out of its downtrend.
Shares of Tesla (TSLA) advanced 0.9% to $226.80 at 10:15 a.m. Wednesday , putting its shares up 23% in June. Part of that rally was in anticipation of Tesla’s shareholder meeting, as well as expectations for strong delivery numbers.
Of course, that gain comes after Tesla stock dropped more than 40% during the first five months of the year — the S&P 500 gained 9.8% during the same period, while the Dow Jones Industrial Average rose 6.4%–as sentiment on the stock turned sharply bearish.
Sentiment has shifted, but a quick look at Tesla’s stock suggests that even after the rally, its shares remain in a downtrend:
Tesla typically drops its delivery and production numbers at the beginning of each month, and sometimes throws some surprise information in there too.
Maybe some good news can end its downtrend. But after a rally like June’s, beware a disappointment.
#SPX1dte Sold $SPX June 20th (monthly) 2845/2865-2970/2990 condors for 1.00, IV: 16.31%, SPX 2922.
#ShortPuts – For the 8th time this year. Selling just below the 200ma and 2 weeks before earnings. G20 will probably move this thing around a little…
Sold NTES JUL 26 2019 237.5 Put @ 3.03
Sold $NUGT 9/20 31 calls @ 1.15, adding at a higher strike. I had an order in from this morning and got filled but I probably should have waited–you can get quite a bit more now (or maybe a higher strike).
My position is now short:
9/20 26 calls
9/20 30 calls
9/20 31 calls