Tesla Debit Spread Drives 424% Profit for Options Bulls

Subscribers to Schaeffer's Vertical Options Trader nabbed an outstanding 424% return with our Tesla Inc (NASDAQ:TSLA) front-month, out-of-the-money vertical debit spread. Below, we'll dig into the factors that drove our bullish stance on the EV giant, as well as how the options trade unfolded.At the time of our entered recommendation on August 15, founder and CEO Bernie Schaeffer laid out the following TSLA spread: Buying the September 370 call and simultaneously selling the September 400 call. The security ...