For those who are following from the bleachers:
TSLA closed at 1119.63
2Jul20 1095 TSLA Put - Bid 9.25, Ask 9.90, Mid 9.525, Intrinsic Value 0, Premium 9.525
2Jul20 1130 TSLA Put - Bid 25.00, Ask: 27.40, Mid 26.20, Intrinsic Value 11.54, Premium 14.66
2Jul20 1200 TSLA Put - Bid 80.25, Ask: 88.65, Mid 84.45, Intrinsic Value 81.54, Premium 2.91
In the morning, the premium on the first and second will collapse to about $1, increasing some if the stock price gets close to the strike price, and going to zero as the day goes on. Of course, I can't make any more from these trades than I got when I opened the positions. But I can lose a lot if the stock crashes. I don't see that happening, unless there's a really bad P&D report in the morning. And that won't happen because if the report is really bad they'll almost certainly wait until Friday to release it.
So, if there's a report in the morning it will probably be good and the first two positions will expire worthless for the win. The third position I will close when the stock seems to me to be near a top. Or I'll let it expire worthless if TSLA gets well about $1200, which seems rather unlikely. If there's no report in the morning, I don't think the stock price will go down much if at all. So I'll do the same, except I'll roll the third position to next week and get another "P&D report" premium. I might also open a new short put position for next week too.
Seems like easy money. I look forward to finding out what will go wrong with my plan. It's always something.
This is just trading around the edges for fun. Regardless, I am firmly of the belief that it is better to have time working for you than against you. But on big upswings like this it's surely calls that make the most money. My ratio of gains today for stock:calls:short puts was 10:33:22.