This is definitely one of the worst trades I’ve ever done! I broke a few of my trading rules and lost money. Everyone was talking Tesla and I just didn’t think it would beat earnings. Don’t get me wrong I’ve definitely noticed how well Tesla has and is doing. I just thought they’d meet earnings, not beat. Welp, I jumped on this but, unfortunately in the wrong direction and man did it hurt!
Here’s a look at how much I lost on this one:
|# Shares or Contracts||Purch Price||Capital Out||Sell Price||Capital In||Comm & Fees||Gain / Loss||
% Gain & Loss
|10 Aug 135 Puts||9.80||9,800.00||1.00||1,000.00||20.00||-8,820.00||-90.0%|
Charts? Yeah, about those… The only thing I went off of on this one was the fact that it declined after every Q2 earnings release. Problem is that was only 2yrs worth of data. Only 2 other Q2 earnings releases. Oh, did I mention how stupid I was on this trade? And how I broke my trading rules? Yeah…