Day traders loses life savings
Posted By John W. B. Rich Posted On Comment (1)

You Could’ve Made 700% on Tesla Calls Today

Things are finally getting back to normal: Tesla stock is up 8% for no reason and call holders are rolling in money.

If you had bought the Tesla weekly $485 call yesterday at the close for $1.42, your position would be at $12.50 right now. That’s an increase of about 750%.

Better yet, you could’ve bought that same option for $0.39 on Friday before news of S&P 500 inclusion came out. You’d be up about 3,100% in that scenario. But instead, you’re earning 3% a year in your value ETF.

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