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Kevin Kelly's Bearish Tesla Trade

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Kevin Kelly of Benchmark Investments shared with the viewers of Bloomberg Markets a bearish options strategy in Tesla (NASDAQ: TSLA) ahead of earnings.

Kelly wants to buy the September 260/230 put spread for $12.75. The trade breaks even at $247.25 and if the stock drops to $230 or lower, it will reach its maximal profit of $17.25.

See Also:

Technical Levels To Watch Ahead Of Tesla's Q1 Earnings

Wall Street Weighs In On Tesla's Autonomy Day Presentation

Posted-In: Bloomberg Markets Kevin KellyOptions Markets Media

 

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