Tesla (TSLA) Showing Resistance Near $377.02

MarketIntelligenceCenter.com’s patented algorithms have chosen the Jan 18, 2019 $360 call for a couple of hedged-trading ideas on Tesla (TSLA).

A traditional covered call on Tesla yields 7.26% (63.15% annualized, for comparison purposes only) and provides 7.56% downside protection.

For those looking for a higher return and who can tolerate more risk, consider buying the Jan 17, 2020 $70 call and then selling the Jan 18, 2019 $360 call for a net debit of $268.70. This trade has a potential return of 7.92% (63.15% annualized, for comparison purposes only), but also carries a greater potential for losses.

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