Kevin Kelly's Bearish Tesla Trade

Craig Jones , Benzinga Staff Writer

April 24, 2019 8:06am Comments

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.

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Posted-In: Bloomberg Markets Kevin Kelly Options Markets Media

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Kevin Kelly's Bearish Tesla Trade

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