Loading...
Loading...
Todd Gordon spoke on CNBC's "Trading Nation" about Tesla Inc TSLA. He has a long position in the name and he's concerned it could trade lower.
Gordon wants to hedge his long-term position by purchasing the June 2, 305/295 put spread for $3.05. The trade breaks even at $301.95 or 2.71 percent below the current market price. It can make a maximal profit of $6.95. Gordon wants to place a stop loss at the half of the value of the premium paid.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in