Filled on a Tesla Trade

Yesterday I reported that I bought 200 shares of Tesla at $840.75. I tried to sell a Call yesterday but was not filled. As I was writing the post reporting the MARK Grasshopper trade I was filled on a 2 contract Call with Tesla.

Tesla was down yesterday but today it’s on the move again. When the stock was at $845 I placed an order to sell 2 TSLA 1/15/21 $860 Call with a Strike Price of $25. That would be a $5000 premium. That’s 2.9% in 4 days. While I was writing the MARK post Tesla started to move up fast. I was filled and as I write this post the stock is up to $862. I’m already In-the-Money lol, with 4 days to go.

Sell to Open 2 TSLA 1/15/21 $860.00 C @ $25.00 (+$5000)

I have a lot of positions expiring this Friday from trades I placed in December. I don’t want to count my chickens yet but I think week ending 1/15/21 is going to be another huge week.

I reported that NIO received a downgrade today from Citi. Well, it turns out that NIO is up again after opening down. For my Grasshopper trade I placed an order to sell 1 NIO 1/15/21 $65 call for a premium of $2.00. Remember I bought the stock at $63.75. I’ll let you know as soon as I’l filled.

Successful trading,

Steve

The Options Coach