Likewise, if you believe NKLA will remain between 20 and 45$ in the next 16months, you can option both ways for 3125 on 100 shares, sell a 45$ call, collateralize 2000$ and net 905$ in premiums on a 20$put, and rake in a max return of 4500+1300+905+2000 = 8705$on 5125 invested with a y-intercept of
2x =5125-2205
X =14.60 bottom limit for a breakeven with a max loss of 2,920$ in the event of bankruptcy for setting the upper limit at an investment growth at that same +70% for a profitability window of -53.3% to +70%
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