Recent content by MikeC

It was on a Twitter Spaces in Jan 2023 - no sales for 1 year and probably not for the following year. I have to think that losing the comp plan and being unhappy about not having enough control might have changed that. Kind of feels like we’re in this range until something new comes out. I...

If rolling ATM, the best you can really get is maybe $2.50 increase per week of roll. Once you're ITM it gets worse than that. I just don't think rolling is the rescue strategy we make it out to be. The best you can do is get the strike up $20-30 before you find yourself a year or two out. Maybe...

Half this thread is people trying to repair underwater positions. There’s lots of strategies but you never know which one will work this time. My preference is to double the number of contracts and roll up the strike. Or you could flip some to puts to make a straddle and see which side expires...

It doesn't just have to be a top to make it worth it. They just have to be DITM, the deeper the better (assuming the SP doesn't spike after you do it and never come back down). I didn't understand the mechanics before, so I was doubling ATM contracts to move them up $5 OTM and getting run over...

My go-to technique for ITM CCs is to let them get DITM and then double the number of contracts, using the extra premium to bring the strike up. For example, today I rolled 5/3 -c155 to 2x 5/3 -c175 when we were above 195. Benefits: -Allows patience with ITM CCs. You want them to go deeper...

There’s no good answer that doesn’t involve more risk because you basically sold at 130 plus the premium unless we drop back down. When this DITM you can roll it far out to move it up a few strikes but then you’re stuck with an ugly losing position for 2 years doing nothing. And even if the...

If I had to guess, the large shorts got out AH and it’s just us retail holding the bag now.

I’m with you with -c155/160 - but it’s usually a violent rally from the bottom so I’m rolling out ASAP before they get too DITM too fast.

Nothing because they’re all gonna be 90+% down. This feels like an inflection point and I’m annoyed I let my fear make me sell calls this morning. Looking to roll out my -c155/160s a month or two to move it up a bit because I don’t think a week will be enough. I’ve been here before - rolling...

Jim had previously said he’d be busy with Passover on ER day.

If he gets his compensation plan, does Tesla not still have to pay the lawyers?

Resold 4/26 -c150/155/160 and bought 4/26 +p140 and 5/3 +p130/135. Was feeling too nervous yesterday with no downside protection.

Depends what your goals are here. I would personally take some profit, it doesn’t have to be all or none. If you want downside protection, long puts would be more profitable than calls without giving up upside on the shares. You just have to pay for them, instead of getting paid to sell covered...

I didn’t say we were done! Just that I don’t think they’ll want to pay out for the obvious long put play. With that idea, I also sold -p140 for this week against +p140 for next week. If we can end this week above 140 then I’ll have cheap downside protection for next week.

The most bullish thing to me is everyone’s bearishness. There’s been plenty of time to position for this, so I wouldn’t be surprised to see a flat to up week from here to kill everyone’s long puts. I’ve closed most CCs and 130p (lower leg of my bear put spread) for this week. I mostly have...