TSLA beat expectations and is currently up big after hours. This should have a large volatility collapse tomorrow AND went in right direction for the spread (bullish), so this trade is likely a quick winner tomorrow.
Based on tomorrow’s indicated open it will be about 30% OTM, so it is likely safe to hold for a few trading sessions to let the volatility drain out of the position (after all the earnings excitement fades)
After Hours: 63.15 +7.40 (13.27%)
May 8, 4:58PM EDT
(this is an indicative quote – but after hours is moving around so much don’t put too much sway in it, however it is definitely up big)