Trade Alert: Take Profits on One-Third of Your $100-Strike TSLA Puts
Today’s note will be a quick one. Both of the Tesla Inc. (Nasdaq: TSLA) put options I recommended on November 8 are already showing a handsome profit. The $200-strike puts are now going for about $61 per contract, up 74% from the $35 we paid for them. The $100-strike puts are selling for more than $7.75 at last glance, up 65% from our $4.70 entry. Today, I recommend you lock in profits on one-third of your position in the $100-strike TSLA puts.
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