Stock Spread Trade Alert

The following link is to the detailed trade alert write up.

Stock Spread Trade Alert 1 Dec 1

Trade to open the following bull credit spread for TSLA at the market open 12/1/2014.  The trade has some room for pricing to support a minor move prior to market open.

Underlying: TSLA closed 11/28 @ $244.52

If TSLA > 250 or < 240 cancel trade alert.

New Position Goals:

Sell 10 Vertical TSLA 230/220 for > $1.10

Sell :  10cts TSLA DEC14 230 Puts @ $2.84

Buy : 10cts TSLA DEC 14 220 Puts @ $1.55

Note:  The price target of >$1.10 should be lower than expected selling price. Expect $1.25 or greater If TSLA opens near 244.50.  Do not enter the trade for <$1.10.