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  1. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    I'm pretty sure the RT will not have any way to convert for a driver, there are many things you don't need in a RT that can be eliminated. Besides the wheel and pedals, you don't need door pockets, center console storage, glove compartment, rear view mirror, maybe even no frunk or trunk if that...
  2. mickle

    SpaceX Photos and Art Pieces

    The view from Las Vegas this evening March 18, Vandenberg is 325 miles away. Look closely in the tail of the second stage and you can see the boosters of the first stage lit.
  3. mickle

    Wiki Selling TSLA Options - Be the House

    Etrade drops to .50 if you do 30 trades/quarter, doesn't seem hard if you are doing weekly options (and closing for free if the option is under .10). You can game the 30 trades by selling contracts 1 at a time instead of all at once. If you have a large enough account or do a good amount of...
  4. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    More importantly, can Delaware invalidate a shareholder vote to move to Texas?
  5. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    Don't think it is stand-alone...I think the ground work you are seeing is just to move the parking lot for cars away from the existing building, and the current building will be expanded, like in the future photo they show of the complete building.
  6. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    In mid-2020, on Alibaba, I paid $82 for a 280ah LFP cell ($90/kwh). Today, you can find 302ah LFP cells for $55 ($56/kwh).
  7. mickle

    Wiki Selling TSLA Options - Be the House

    Did my first intraday CC scalp in the last 30 minutes: TSLA - @ $6.60 - Sell 5 Apr-19-24 300 Calls @ 6.6 Limit to Open TSLA - @ $6.25 - Buy 5 Apr-19-24 300 Calls @ 6.25 Limit to Close
  8. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    BYD first to install SpaceX package: OK, but seriously, what is going on here? I thought LFP batteries were supposed to be safe, but in the video you see them exploding like M80s.
  9. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    @grok Hey there, it's Grok, your friendly AI assistant, here to help you with your question! So, you're thinking about starting a non-union labor company in Sweden, huh? Well, let's take a look at the pros and cons. On one hand, Sweden has a strong labor union presence, which could make it...
  10. mickle

    Wiki Selling TSLA Options - Be the House

    I am wondering how people would handle a spread that rapidly goes ITM, like overnight the stock jumps past both your strikes or even past the mid-point. Seems that even if you are following ultra safe rules and Yoona's back tested probabilities, once in a while this may happen to you. Do you...
  11. mickle

    Wiki Selling TSLA Options - Be the House

    Tried to come up with some stats for my trading this week, out of BPS and BCS spreads only: Risked about 12% of entire account value (max loss of spreads) Profit/Risk about 1%/wk, 52%/yr Profit/Total Account value 0.13%/wk, 6.8%/yr Nice money made, but I'd really like to get return higher...
  12. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    OK I'll be the first to say it, but this Cathy Wood / Elon Musk talk is totally off topic and boring the hell out of me.
  13. mickle

    Wiki Selling TSLA Options - Be the House

    Sold 30x 12/22 BPS, 230/210 for $0.15 I still have P(BPS)TSD from last year so don't do these very often.
  14. mickle

    Wiki Selling TSLA Options - Be the House

    Today sold some BCS on the morning rise, 30x 12/22 c277.50/297.50 for $.24 then tried a Yoona Double Dip and sold more for next week: 30x 12/29 c295/315 for $.26 then a few more a bit later in the day 50x 12/22 c275/290 for $.25 They seem pretty safe or at least easy to roll up a bit if needed...
  15. mickle

    Wiki Selling TSLA Options - Be the House

    Yoona said: I assume you are talking about the width of the BPS or BCS and not the IC? Is this really the case that wider width with those is easier to roll? I've been doing a lot of BCS the last few months and often doing 100x contracts where I am getting maybe 0.20 selling the short leg...
  16. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    It's a good time to get in on some BPTRX, which holds SpaceX and X Holdings (along with TSLA). Probably gets you exposure to Starlink, X, X.ai, etc. I increased my holdings yesterday.
  17. mickle

    Wiki Selling TSLA Options - Be the House

    Probably not too many people know this, but on Etrade, and I think other places, you can chart option prices just the same as stocks:
  18. mickle

    Wiki Selling TSLA Options - Be the House

    No, the treasuries are bought with cash, then you get non-margin buying power for options. Never borrowing anything on margin.
  19. mickle

    Wiki Selling TSLA Options - Be the House

    I use Etrade and have most of my cash in US Treasuries making over 5% (2-6 month bills). They are easy to buy. The margin requirement is only 1% on those so there is a lot of non-margin buying power left for options (if you had $1M in treasuries you would have $990,000 option buying power)...
  20. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    I think we have a pretty good timeline for the next-gen vehicle. They said it will be made in Mexico. If they start building the factory in a few months and its done mid-2024, then we should see cars coming out around the end of 2024. I don't think they'll start building unless they have a...
  21. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    I am pretty sure they are not using a 1.5mm cooling hose, or even a 3.5mm hose. Probably meant cm.
  22. mickle

    Wiki Selling TSLA Options - Be the House

    BPTRX is what tracks TSLA the closest. I bought a little 2 weeks ago and wish I had bought more. My wash timeout period ends around Jan 31 so I'm hoping to be able to start buying back TSLA (lower than today's prices) after the fed meeting Feb 1.
  23. mickle

    2019 Model 3 LR RWD 12K miles, Red/Black!

    $37,500 Located in SF Bay Area. Low miles, under 12,000, in very good condition, interior excellent. One owner, clear title. Includes basic Autopilot. Extras: includes charger, top and rear sunscreens, mud flaps. Basic warranty good until March 20, 2023. I took off the Aero covers and put on...
  24. mickle

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    With release of the new round steering wheel for S & X, I think its pretty obvious we'll see the 3 & Y switching over to that new wheel soon. That will eliminate the stalks and lower the cost also (not sure by how much).
  25. mickle

    Wiki Selling TSLA Options - Be the House

    BPTRX actually looks pretty good, but the prospectus says The Fund is not for short-term traders who intend to purchase and then sell their Fund shares within a 90 day period. If the Adviser reasonably believes that a person is not a long-term investor, it will attempt to prohibit that person...
  26. mickle

    Wiki Selling TSLA Options - Be the House

    While I'm in wash-sale timeout for January, I'm trying to find some funds I could trade in that are closely correlated to TSLA so I can catch any jumps from P&D, earnings or whatever. Anyone have suggestions? Best I can find that are slightly correlated: Fidelity Electric and Future...
  27. mickle

    Wiki Selling TSLA Options - Be the House

    I'm also completely out. Sold all my shares and closed all my BPS at large loss. Looks like I will sell my house, and be able to deduct all the losses from the capital gains so I won't have much of a tax bill on the house. Enough money to move somewhere else and retire with plenty of cash...
  28. mickle

    Wiki Selling TSLA Options - Be the House

    My guess for the near future stock price: P&D numbers are good but doesn't help the stock much because everyone thinks future demand is dropping. Then not much till earnings, which are probably great, but the future guidance might be lowered due to recession. Might help the stock a bit. Big...
  29. mickle

    Wiki Selling TSLA Options - Be the House

    Yes, I just had a good talk with my accountant and decided that to make sure I don't have a giant tax bill I need to completely sell off all my shares and close all my BPS. Otherwise the risk of assignment in January would move the loss to 2023 or beyond and screw me over. So looks like I'm...
  30. mickle

    Wiki Selling TSLA Options - Be the House

    OK I think that helps. Maybe an example to confirm my situation... If I sold off 5000 shares at a loss a few days ago those would maybe have initially been marked unrealized loss. Then I get assigned 1000 shares on a put a day later, so now the loss from 1000 of my 5000 shares gets added to...
  31. mickle

    Wiki Selling TSLA Options - Be the House

    One more assigned/wash sale question.... If I ended up with "disallowed" losses (called that in Fidelity) due to being assigned a few times and selling the shares again... is the only way out of it to completely sell off all my TSLA shares? If I kept just a few would that keep me from claiming...
  32. mickle

    Wiki Selling TSLA Options - Be the House

    I am still trying to get a handle on these wash sale rules with respect to assignment and fear I've lost some deductions already. Wondering if after you've been assigned and sold off shares, can you then buy calls or sell covered calls for the next 30 days or not? Would that be an issue for...
  33. mickle

    Wiki Selling TSLA Options - Be the House

    Unfortunately, it seems the fastest and easiest way out of this mess is to start trading options again! Now that I'm in cash maybe I can try some of those cash account strategies a few people here are doing. Are those working out ok during this drop? I felt like I was in BPS prison for the...
  34. mickle

    Wiki Selling TSLA Options - Be the House

    My girlfriend and I decided to get out of TSLA last night with the stock around 122 at close. Our account values were below what we really needed to live on through retirement. We got up early this morning and saw it dropping more and panicked (more). Sold almost all our shares in premarket...
  35. mickle

    Wiki Selling TSLA Options - Be the House

    I just dumped about half my shares at 117 ish pre-market, other half are protected by 120-130 strike puts so will wait on those till Friday in case there is a better position.
  36. mickle

    Wiki Selling TSLA Options - Be the House

    This might have been discussed a long time ago, but I'm wondering about wash sale rules when mixed with assignments. I decided to liquidate most of my share this week, just can't take the 24 hour stress anymore. Have not bought shares in months, but was recently assigned on a number of lots...
  37. mickle

    Wiki Selling TSLA Options - Be the House

    Ah, ok I didn't think of it that way. So I will try to rephrase what you said, maybe to make it clearer for me or in case I got it wrong: If you get assigned, and you decide to close the position, you would need to sell the shares and long puts, to do so with no additional loss over max-loss...
  38. mickle

    Wiki Selling TSLA Options - Be the House

    To help me make decisions on rolling I made a chart of all the options dates and the highest put prices with a time-value >0, and >0.50. Might be helpful for others:
  39. mickle

    Wiki Selling TSLA Options - Be the House

    Like others I've got lots of rolled out DITM BPS and trying to decide how to handle these. The big decision is take the loss now, or keep trying to roll them out, usually by having to put in a bit more cash and increase possible future losses. We are starting to look through our BPS and decide...
  40. mickle

    Wiki Selling TSLA Options - Be the House

    I could not find any way to sell shares and puts in a single ticket on Fidelity (web or Trader Pro). If anyone know how please post it!
  41. mickle

    Wiki Selling TSLA Options - Be the House

    Well this has been the most stressful week of my life in a very long many years (and for my girlfriend too, who is also trading options). Today was the worst because we had to deal with being assigned on some BPS on Fidelity that put us both into a margin call. We were all set to re-enter the...
  42. mickle

    Wiki Selling TSLA Options - Be the House

    This morning's assignments (feels like homework to deal with them): 2x Dec 30 2022 p210 12x Dec 30 2022 p185 15x Jan 20 2023 p223.33 6x Feb 17 2023 p240 4x Jun 16 2023 p266.67 re-entering some, a few at lower strikes, taking loss on others
  43. mickle

    Wiki Selling TSLA Options - Be the House

    Ah, thanks. Forgot I can execute the long put! I didn't sleep well last night and not thinking clearly this morning.
  44. mickle

    Wiki Selling TSLA Options - Be the House

    Could someone help me understand BPS assignment vs max loss? If I had a BPS for say 150/200, my max loss should be 50. If I get early assigned, am I paying 200/share to purchase, or am I getting credit for the value of the assigned put? In otherwords, if after assignment I just want to close...
  45. mickle

    Wiki Selling TSLA Options - Be the House

    No, its a regular day.
  46. mickle

    Wiki Selling TSLA Options - Be the House

    I had a BPS for Jan 20, 2023, 20x 150/223.33, and got assigned on 17 of them last night. Was hoping for a rally and waited for an uptrend, resold 17x p223.33s when stock was about 140.5. Of course, stock started dropping right after that. I sold 200 of the 1700 shares at 140.10. Now hoping...
  47. mickle

    Wiki Selling TSLA Options - Be the House

    I was thinking the same thing, no big dump when <140, so no sell limit orders were in place. I guess there is no one left that wants to sell shares and we go up? edit: looks like I spoke too soon! I am depressed!
  48. mickle

    Wiki Selling TSLA Options - Be the House

    An idea to reduce chance of assignment is to pick a strike price with a larger number of existing Open Interest. Some strikes are much more popular than others.
  49. mickle

    Wiki Selling TSLA Options - Be the House

    I sold some 172.5 and 175 CCs, but waiting another day or so to decide on more. Elon hasn't tweeted in 16 hours since the poll to step down, so I think we'll get some kind of confirmation tweet this evening, could be the market is waiting for that. And I think there's a good chance he'll show...