These Tesla options are expensive!

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It’s a highly volatile stock. I bought 2 contracts at lunch today. $300 Calls Aug 17 expiration for $17.25 each ($3,450 total investment). Tesla’s a very volatile stock so I consider this a high risk investment, but I cashed in JNJ from my post below today for $50k gain so I put some of my profits here for their earnings release.

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What’s name of the trading app?

TDAmeritrade “Trader"

The commission is like $10 per trade?

6.95 + .75 per option contract

I use Robinhood

Is it still free for options? I read that there are other “fees” but you need to call them to find out what they are. Typically options always have an additional fee per contract so I’d understand if Robinhood waived the “base commission”.

So far, I've only paid the price of the contract.

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