Recent content by Tathagata

These January 900 short calls are “covered” in the sense that I’m holding 400 call option contracts at various (lower) strikes: January 15th 600 C (200) December 31st 750 C (50) December 31st 700 C (20) January 15th 700 C (20) December 24th 700 C (20) December 24th 600 C (10) January...

This morning i sold 400 contracts of the January 15th 900C for about $21. My thinking is to balance out the long calls by selling further out of the money short calls to capture some of the time/volatility premium and offset the theta decay in the portfolio. This play allows me to participate in...

This morning I sold all the LEAPs and bought more near term OTM call options: 12/24/2020 700 C 12/31/2020 750 C 1/15/2021 600 C 1/15/2021 800 C 1/19/2021 600 C My leverage is effectively 4x, so on today’s 2.5% rise i see a 10% rise in the portfolio Not advice. My risk tolerance (and...

Sorry, i made these moves in the last hour of the day. Only had time to read through my brokerage history to tally up the positions after the market closed and i was enjoying a beer :) I noticed i do have a good bit of dry powder left as its been held to secure the short put positions i still...

Yeah it felt crazy moving around an amount of money that is 10x what my net worth just a few years ago. I wouldn’t have been in a position to do so had i not gone all-in on TSLA starting last August (just purchasing shares in the high 200s, eventually liquidating a Roth IRA and a 401k) and then...

Not exactly in the spirit of this thread (which is about selling options and applying the wheel), but I wanted to share what I’m doing with long call options. Made some pretty big moves today: Liquidated my rollover IRA and transferred the long option positions into the taxable account. Sold a...

I was able to close the December 18th 500 calls at a loss. I converted 1/3 of my LEAPs in that account (JAN2023 200c) to short term call options: 12/18/20 520c 12/24/20 550c 1/15/21 650c 2/19/21 600c 7/16/21 600c

I second the IB recommendation. I’ve been selling TSLA Puts since July and now I’m in the process of moving from Schwab to Interactive Brokers for the better margin rates, and easier access to portfolio margin, and Schwab currently has a special margin maintenance requirement of 65% on TSLA...

I bought back some covered calls yesterday in a taxable account (12/18 485c) at a loss, so as to get out of the way of any potential share price squeeze leading up to inclusion. I still have -31 contracts of the 12/18 500c in a Rollover IRA, which are covered by 31 LEAPs (Jan 2023 200c) and no...

Yes, buying and holding shares was very profitable during that same time period as well. I should note that i held TSLA shares and didn't have any excess capital to deploy, but i wanted to use options to play Q2 earnings. My first TSLA option trade was on July 13th ($299.31 Share Price)- a long...

I had the same idea back in July- to learn options to generate income while TSLA trades sideways (my portfolio is 100% TSLA, holding long term.) This thread is dedicated to selling calls/ puts on TSLA to generate income...

Just wrote the DEC18 380p for $13.50 Im still long DEC18 330p from the protective collar I put in place last week, so I sold an equal # of contracts effectively making this a vertical credit spread, which is a defined risk trade and keeps my margin equity in good shape

Does anyone here use collars? I was also looking for a hedge through elections and decided set up a protective collar: sold 500 strike calls (equal to my amount share lots/ LEAPS) and used to proceeds to fund the purchase of 330 strike puts, all expiring December 18th. If my view changes and I...