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I believe there’s definitely more to this tweet than usual simply because it’s the first time I recall him actually naming the supplier/s causing issues.
They both have their uses. I bought Mar 2023 1200 calls at $56.50 when we were in the sub-600 doldrums in May. So $2400 for a 20x on those, but at $3000, it's a 30x. I don't view that as likely, but it's possible.
Then yesterday, with the IV in the mid-50s on those Mar '23s, I put on a YOLO play in my retirement account, so it's relatively conservative. That was for Mar '23 1400/1700 spreads at $22.00, which is a 12x.
They're similar strikes to yours, but March vs. January, which is a significant difference in time/risk (the January ones will expire before Q4 earnings). Plus I only bought them yesterday, spurred by my conviction that it's finally about to break out.
There are still deals to be had because we know that 2022 is going to be markedly different than the Street thinks it is. Maybe not a disconnect so great as it was in 2019, but if your time horizon is beyond the 6-12 months that it is for Them, there are good opportunities.
I sell weekly shitcalls against the 700 & 800 strikes LEAPS to bring in some pocket-money...
MM’s dropping big sell blocks to end that rally quickly……was there ever any real doubt how today would play out?Today's volume is only cranked up to about 3 so far.
Still, that is better than the last couple of days at thirty minutes in.
How long before the market demonstrates once more how the volume knob can go all the way up to 11?
Not from what I’m seeing, almost my entire portfolio watch list is greenI don't know, it's a very red & down day in the market yet TSLA is holding up pretty well in my opinion.
Wine production, Oktoberfest.... I know we're looking forward to the Friday afternoon drink, but shall we keep the thread focused on Tesla/TSLA instead of it stumbling around like a drunk?
2019 was a great time to buy call options on tsla, but premiums now are the lowest we've had in the last 12 monthsI keep looking at calls, but can't pull the trigger with these premiums. The 2019 period was a great time for naked calls, but I don't see that kind of undervaluation again.
A 1400/1600 call spread when SP was in the $5xx range would probably yield mid 30x if SP hits $1600. What is the reason you chose a naked call rather than a spread?
Whenever I buy a chunk of TSLA, I promise myself to use that to cover some writes. But then TSLA goes up, and it seems like holding onto the stock is less work.
Ha, I hold weeklies until they expire just to see what happens Live and learn.I sell weekly against the 700 & 800 strikes LEAPS to bring in some pocket-money...
With volume already at 6.6 million, we're seeing already half the volume that we've been seeing in a full day of trading recently...and the MMs haven't dropped the price much yet. Good sign so far, though I'm still taking the cautious view.
Well they have to eat that volume in order to keep SP flat, no? That's my general understanding of market making.
If these 6.6M shares traded(maybe 400k in real net transactions) needed to be sourced organically SP would obviously have gone up, correct?
Is there really such a thing as “final approval”?
I’m willing to sacrifice a day or 2 to report on this for TMC. Now how do I get an invitation?