Selling this put spread allows an investor to collect premium, better known as a credit spread. Furthermore, I want to lean on the technicals and recent year price history to assist in selecting strike prices as TSLA has violated both its 50 & 200-day moving averages. To construct the put spread that I will be selling, here is what I need to do: The option chain on Tesla shows that I can sell the December regular expiration ATM $205 put for $14.
mountain Tesla in 2023 Let's switch from the Tesla perspective and look at the broad benchmark S & P 500 index that recently closed at its lowest level in five months, cracking the imperative 200-day moving average. Using the SPDR S & P 500 ETF , traders saw the 200-day violated at $422 and Relative Strength Indicator levels have now been slammed into oversold territory.
Click here for the full disclaimer.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surgesThe “magnificent seven” tech stocks lost $280 billion on Oct. 25, $180 billion of which came from Google, which slid 9.5% in share price on the day. Meanwhile, the crypto market has increased 16% over the last seven days.
Read more »