Sell 12/26/25 510c
Buy 1/19/26 510c
Max theoretical
Gain 2700
Loss 100
I bought 1 for $100 a few days ago using Robinhoods pre made spread builder.
Generally I don't go this far out on options so I'm wondering what the consensus play is here.
My thought is to let decay eat into the short side and try to buy it out somewhere between $10-$15 in the next 6 months. Then hope that tesla pops before 1/19/26. Even if it doesn't get to 510 I would be ITM anything over $45 on the long call
Risk being a tesla pop pre 12/26/25 and then subsequent crash that would leave me upside down on both legs if I sell out individuals.
Or I could sell now for $53, or ride it out and risk the $100 for $2700.
My portfolio can handle a moderate amount of risk. As long as I buy out the short side first and sell the long side before it absolutely dies, losing 3k wouldn't be the end of the world. More just like my 1 stupid gamble for 2023/4
What say you?
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