Next two weeks.. No one way where TSLA prices will go in short term. I am long. But want to hedge against drops. Example. my holding $100k, expecting 10% drop. What are the put option details? Expiration date? Strike price?
If you think it’ll drop a specific amount, use OptionStrat to figure out the optimal trade. My guess would be a 245/220 put spread. Given the extremely high IV, you might be better off selling covered calls.
Kinda-kind-person on
Do a collar, give up some of the upside and secure the downside.
2 Comments
If you think it’ll drop a specific amount, use OptionStrat to figure out the optimal trade. My guess would be a 245/220 put spread. Given the extremely high IV, you might be better off selling covered calls.
Do a collar, give up some of the upside and secure the downside.