Yesterday morning I sold the $TSLA Feb 14th 550/1300 #ShortStrangles for 9.825. When the stock peaked around 780 today, these two options were about equal in value… despite the put being 230 points away, and the call being 520 points away! Stock action is indicating that the super crazy moves may be subsiding, despite the heavy skew to the call side. I’m looking to sell another one in the Feb 21st expiration, but I will likely wait until tomorrow. Would like to see this one get at least to 4.90 (50%) before I consider closing.

Since the price target is now $7,000 in 5 years, would love to get a long LEAP but the highest strikes are 1880 and going for 40.00-ish.