{"id":63566,"date":"2020-10-21T11:00:58","date_gmt":"2020-10-21T15:00:58","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=63566"},"modified":"2022-11-21T09:46:29","modified_gmt":"2022-11-21T14:46:29","slug":"teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/","title":{"rendered":"Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options."},"content":{"rendered":"\n<p>The question that now hangs over&nbsp;<a href=\"https:\/\/www.barrons.com\/quote\/TSLA\" target=\"_blank\" rel=\"noreferrer noopener\">Tesla<\/a>&nbsp;is if the stock will be recharged when the company&nbsp;<a href=\"https:\/\/ir.tesla.com\/events\" target=\"_blank\" rel=\"noreferrer noopener\">reports third-quarter earnings<\/a>&nbsp;late Wednesday or if it will simply pause after an extraordinary rally.<\/p>\n\n\n\n<p>So far, the verdict in the options market is that Tesla\u2019s stock (ticker: TSLA) will race higher on the report and extend what has been one of the most extraordinary rallies in 2020.<\/p>\n\n\n\n<p>Tesla is up about 424% this year and 765% over the past year. Over the past 52 weeks, the stock has ranged from a low of $50.04 to a high of $502.49.<\/p>\n\n\n\n<p>Such dramatic movements guarantee that Tesla\u2019s options are among the hottest, most seductive names in the equity derivatives market. For a fraction of the price of the underlying stock, anyone can buy a bullish call option and wager that the stock will rally higher. The stock has surged ever higher, and many people\u2014even those who arguably know next to nothing about options, or even Tesla\u2019s financials\u2014have made a great deal of money buying upside call options and selling the calls at a profit after the stock has surged ever higher.&nbsp;<\/p>\n\n\n\n<p>Not surprisingly, Tesla\u2019s bullish calls are unusually active ahead of Wednesday\u2019s earnings. Investors are buying October $460, $470, and $500 calls that would pay off if the stock surges. The trading reflects a speculative frenzy that Tesla\u2019s stock trades ever higher.<\/p>\n\n\n\n<p>Aggressive investors can thus consider a November bull spread that captures the earnings report and provides a few weeks for investors and analysts to slug it out over what the report means for the company and the future of electric vehicles, self-driving cars, and everything else that Tesla represents.<\/p>\n\n\n\n<p>With the stock at $439, investors could buy Tesla\u2019s November $445 call and sell the November $470 call. The spread\u2014that is, buying a call and selling another with a higher strike price by expiration\u2014costs $9.80. If the stock is at $470 at expiration, the spread is worth a maximum profit of $15.20. If the stock declines on the earnings news, the trade fails.<\/p>\n\n\n\n<p>In candor, it probably doesn\u2019t matter what&nbsp;<a href=\"https:\/\/www.barrons.com\/articles\/the-new-battleground-for-tesla-profit-margins-51602791250?mod=inline_article\" target=\"_blank\" rel=\"noreferrer noopener\">numbers Tesla reports when it releases the quarterly financial report<\/a>.<\/p>\n\n\n\n<p>Investors and speculators are largely looking for something thematic and enticing like recently released news that&nbsp;<a href=\"https:\/\/www.reuters.com\/article\/tesla-china-exports\/tesla-to-export-china-made-model-3-vehicles-to-europe-idUSKBN27425C\" target=\"_blank\" rel=\"noreferrer noopener\">Tesla will start next week to ship&nbsp;<\/a>cars made in its Shanghai plant to European markets.<\/p>\n\n\n\n<p>Without doubt, the Tesla investment thesis is much more focused on the future than on what happened in the past. This will be true until it is proven false, but so far it is the operating fact, and the bull spread is one way to play the name without paying too much money or taking on too much risk.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"749\" height=\"493\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52.png\" alt=\"tesla stock price change\" class=\"wp-image-63567 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52.png 749w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52-700x461.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52-300x197.png 300w\" data-sizes=\"(max-width: 749px) 100vw, 749px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 749px; aspect-ratio: 749\/493;\" \/><\/figure>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted on October 21, 2020 &#8211; <a href=\"https:\/\/www.barrons.com\/articles\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options-51603191601\">Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The question that now hangs over Tesla is if the stock will be recharged when the company reports third-quarter earnings late Wednesday or if it will simply pause after an extraordinary rally.<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,19,8,9,26,3],"tags":[161],"contributors-categories":[13583],"class_list":{"0":"post-63566","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-options","8":"category-region","9":"category-securities","10":"category-text-articles","11":"category-traders-insight","12":"tag-tesla","13":"contributors-categories-barrons"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options.<\/title>\n<meta name=\"description\" content=\"The question that now hangs over Tesla is if the stock will be recharged when the company reports third-quarter earnings late Wednesday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/63566\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options. | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"The question that now hangs over Tesla is if the stock will be recharged when the company reports third-quarter earnings late Wednesday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-21T15:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-21T14:46:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52.png\" \/>\n<meta name=\"author\" content=\"Steven M. Sears\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steven M. Sears\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Steven M. Sears\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/0ea65db09e0994754c2de4316c083f30\"\n\t            },\n\t            \"headline\": \"Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options.\",\n\t            \"datePublished\": \"2020-10-21T15:00:58+00:00\",\n\t            \"dateModified\": \"2022-11-21T14:46:29+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/\"\n\t            },\n\t            \"wordCount\": 485,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/10\\\/image-52.png\",\n\t            \"keywords\": [\n\t                \"Tesla\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"North America\",\n\t                \"Options\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/\",\n\t            \"name\": \"Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options. | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/10\\\/image-52.png\",\n\t            \"datePublished\": \"2020-10-21T15:00:58+00:00\",\n\t            \"dateModified\": \"2022-11-21T14:46:29+00:00\",\n\t            \"description\": \"The question that now hangs over Tesla is if the stock will be recharged when the company reports third-quarter earnings late Wednesday.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/options\\\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/10\\\/image-52.png\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/10\\\/image-52.png\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/0ea65db09e0994754c2de4316c083f30\",\n\t            \"name\": \"Steven M. Sears\",\n\t            \"description\": \"Steven M. Sears is the president, chief operating officer and co-founder of Options Solutions. The investment firm uses conservative options strategies to help clients enhance stock returns and reduce risk. Mr. Sears has deep experience in the options industry as an investor, exchange executive, and journalist.\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/steven-m-sears\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options.","description":"The question that now hangs over Tesla is if the stock will be recharged when the company reports third-quarter earnings late Wednesday.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/63566\/","og_locale":"en_US","og_type":"article","og_title":"Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options. | IBKR Campus US","og_description":"The question that now hangs over Tesla is if the stock will be recharged when the company reports third-quarter earnings late Wednesday.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/","og_site_name":"IBKR Campus US","article_published_time":"2020-10-21T15:00:58+00:00","article_modified_time":"2022-11-21T14:46:29+00:00","og_image":[{"url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52.png","type":"","width":"","height":""}],"author":"Steven M. Sears","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Steven M. Sears","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/"},"author":{"name":"Steven M. Sears","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/0ea65db09e0994754c2de4316c083f30"},"headline":"Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options.","datePublished":"2020-10-21T15:00:58+00:00","dateModified":"2022-11-21T14:46:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/"},"wordCount":485,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52.png","keywords":["Tesla"],"articleSection":["North America","Options","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/","name":"Tesla\u2019s Earnings Will Be Dramatic. How to Play It With Stock Options. | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52.png","datePublished":"2020-10-21T15:00:58+00:00","dateModified":"2022-11-21T14:46:29+00:00","description":"The question that now hangs over Tesla is if the stock will be recharged when the company reports third-quarter earnings late Wednesday.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/options\/teslas-earnings-will-be-dramatic-how-to-play-it-with-stock-options\/#primaryimage","url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52.png","contentUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/10\/image-52.png"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/0ea65db09e0994754c2de4316c083f30","name":"Steven M. Sears","description":"Steven M. Sears is the president, chief operating officer and co-founder of Options Solutions. The investment firm uses conservative options strategies to help clients enhance stock returns and reduce risk. Mr. Sears has deep experience in the options industry as an investor, exchange executive, and journalist.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/steven-m-sears\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/63566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=63566"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/63566\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=63566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=63566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=63566"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=63566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}