Recent content by j5drive

Aye, sold them near the money on Monday afternoon after seeing the big dive the previous Friday. Expected something similar might happen this week and the volatility was extra high since they were monthly expiration. Worked out well for me!

They're covered calls, and I rolled them out Friday afternoon. Had a hunch 365 would be a sticky number this week... next week I'm playing safer on 400.

My Model 3 arrived this morning, and my 44 contracts of TSLA at 365 (basically) expired for a net +$10 each this week paying for them! It was a great saturday!

Thanks everyone for the advice on these covered calls. I bought them back for about 22 a share this morning at open, ouch! Of course its dropping now.. back to 294 from the open at 303.. cant win! Here's to hoping the price never drops to 300 again!

I've got a very simplistic plan... aim for 2%/month premium through selling weeklies. Example being @300 I would sell whatever nets me $1.50/share in premium. It used to be on average 10-15% out of the money. In general I sit out on weeks that I expect announcements or reasons for growth. It...

I think this might be the only option... It sucks because it will be the 2nd time I've been caught out... at least for now its just a $15/share loss instead of $30...

So Elon pulling earnings forward a week has caught me in the unfortunate position of having sold 295 weeklies on my 4000 shares this week for some cash flow.. not expecting any runup this early (wasnt going to take any covered call risks on the actual earnings report). Anyone have suggestions...

Was this posted yesterday? Some credence to the idea that this plan has been in the making for a little while. Tesla's New Chief Accounting Officer was at Seagate When they went Private - 1redDrop