---
title: 'Real-time options data, powered by @unusualwhales, is live in AlphaSpace.'
source: 'https://youtube.com/watch?v=UxtSWt2HZLY'
video_id: 'UxtSWt2HZLY'
date: 2026-08-01
duration_sec: 77
---

# Real-time options data, powered by @unusualwhales, is live in AlphaSpace.

> Source: [Real-time options data, powered by @unusualwhales, is live in AlphaSpace.](https://youtube.com/watch?v=UxtSWt2HZLY)

## Summary

This video explains how investors can hedge against a potential post-earnings drop using put options, using Tesla as a real-world example. It walks through strike price, expiration dates, contract mechanics, and the costs and risks of buying options protection.

### Key Points

- **Hedging with put options** [00:01] — Investors can protect against a stock drop by buying a put option, which gives the owner the right to sell a stock at a fixed price before a certain date.
- **Tesla hedge example** [00:13] — To hedge Tesla before earnings, buy one put at a $375 strike price for July 24th expiration against 100 shares already owned, while Tesla trades near $380.
- **Hedge mechanics and cost** [00:40] — Without the hedge, every $1 drop costs $100 because the investor owns 100 shares. The put contract gains value as Tesla falls, offsetting losses on the shares.
- **Options premium risk** [01:06] — If Tesla rises or stays near current levels, much of the option value could disappear by expiration. The premium may cost more than the loss it prevents.

### Conclusion

Options hedging can reduce downside risk, but it requires weighing the premium cost against the potential loss. It is a trade-off, not free insurance.

## Transcript

earnings will stop its recent slide, but just in case it doesn't, here's how you can get some insurance. Stock holders can buy protection against a potential drop by buying what's called a put option. A put gives its owner the right
to sell a stock at a fixed price before a certain date. If you wanted to buy protection against a bad earnings report by Tesla, one way is to buy one put at a $375 strike level for July 24th expiration against 100 shares that you
already own. The strike is a price at which the shares can be sold. July 24th is the expiration date, the last day you have the right to sell those shares at that price. With Tesla stock trading near $380,
the put allows you to sell those shares at $375 >> even if there's a big drop after earnings. Without the hedge, every $1 [music] costs about $100 because the investor
owns 100 shares. As this Alpha Space chart shows, the put contract gains value as Tesla falls. That gain helps offset losses on the shares. If Tesla plunges, the put can offset a lot of damage, but options don't come without
>> [music] >> the premium may cost more than the loss it prevents. If Tesla rises or stays near current levels, >> much of the value could disappear by expiration.