Following the plan to adjust a Collar in Tesla

I have a long position in $TSLA in my Fab 5 basket of stocks. I had noted in my weekly post here that it had earnings on July 22 so I needed to address the current July Collar this week.

Well, the stock is under a lot of selling pressure today so it is time to execute the plan:

BtC the July 125 Call at .65
StC the July 125 Put at 9.00
StO the August 125 Call at 7.55
BtO the August 125 Put at 15.75
the Short July 90 Put will be left to expire Friday (or buy back cheap later)

In summary, I received a $.15 credit for this adjustment & now own an August 125 Collar.

One thought on “Following the plan to adjust a Collar in Tesla

  1. Pingback: The Fab 5 Update – 07/20/2013 | 1nvestor

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