Day trade
Trade view / 20 May 2016 at 14:52 GMT

#SaxoStrats. UPDATE: Tesla and time decay

Head of Futures & Listed Options / Saxo Bank
Let's take profit on the May16 110/105 Put Spread we sold on May 11 at $1.90 before the expiry today. 

Tesla Daily Bar Chart
Source: Saxo Bank 
Entry: Buy back the May16 110/105 Put Spread at $0.05
=> Buy back the May16 110 Put at $0.08
& Sell back the May16 105 Put at $ 0.03

Profit = entry price - exit price
= $1.90 - $0.05

We captured 97% of the premium.

Return on Investment
= profit/margin posted X 100
= $1.85/$3.10 X 100
= 59.68%

TSLA five-year chart:
Tesla 5 year chart

Create your own charts with SaxoTraderGO click here to learn more

Source: Saxo Bank 

— Edited by Michael McKenna

For more on contract options click here.

Non-independent investment research disclaimer applies. Read more
20 May
Ramug65 Ramug65


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