​Oil is on its butt. Crude is closing in on $50 a barrel as it continues to tumble in the backdrop of rising ​inventories in the US. But I very much doubt that​ behemoths like Russia and Saudi Arabia are going to let the US sink the price of the black stuff much further. There are rumors that OPEC is close to making a stealth cut​. I​'m a contrarian at heart, so I have no problem selling the XLE ​$61 puts in Jan '19 for around $1.20. The trade has close to 90% probability of reaching 50% max profit before expiry. 

​Ever since Elon Musk made amends with the SEC last month, TLSA stock price has risen $100​. Smooth sailing ahead? Not so fast. Recent data suggests that the China-US trade war is taking a chunk out of Tesla's sales which dropped 70% from a year ago. I'm bearish in the short-​term given Trump is hell-bent on a trade war and Musk can't go more than a few weeks without saying something foolish on twitter (they ​share that in common). Therefore, I'm going to add some negative deltas to my portfolio by selling the $385 calls in Jan '18. The trade has more than a 90% chance of achieving 50% max profit before expiry.