Earlier I reported getting into a 1 contract Tesla (TSLA) Long Call. This was a long term Call to expire on 12/18/20. I was in that position for 25 minutes and made $1000.
I am not a Day trader. However, I watched TSLA move enough without getting involved. With the stock moving in a narrow range today I decided to take advantage and make a trade. It turned out to be a day trade because I was happy with my $1000 profit.
Well, I made another day trade. This second trade I didn’t even report for 2 reasons. #1, when I got in I was watching so close I didn’t want to start typing, there was too much money involved to not watch. And it turned out to be another few minute trade. 2nd, day trading is not a strategy of mine and I don’t want to teach it in Main Street beats Wall Street.
Here’s my 2nd day trade of the day.
7/15/20 – Buy to Open 1 TSLA 12/18/20 $1500 C @ $390.00
7/15/20 – Sell to Close 1 TSLA 12/18/20 $1500 C @ $400.00
Profit $1000
This is my 2nd trade of the day with TSLA. Both trades made me $1000 each. I’m watching the stock so if I get another opportunity I like, I’ll make another.
If you have a question on these trades send me an email.
Successful Trading,
Steve
The Options Coach