As you can see the breakeven point is straight on the 757.21 stock price, which means all stock prices below 757.21will lead you to a loss.
On the other hand, the higher the stock price climbs the higher outcome you'll get. For example at Tesla's stock price of $927, you get a significant profit of $1704.
Now you need to make research and answer questions:
1. Is it real that the stock price goes up from $695 to $927 in one month?
2. Is it fit your trading style to lose $8721 in the worst case?
You can download LAVA option calculator here:For IOSFor Android
Read more in our options trading guide.