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Hello. I purchase a Model Y Long Range in late December of 2023 and noticed a whistling noise as soon as i took it on the highway. I scheduled a service appointment and brought the car in on January 5th. After 2 weeks in service I picked it up after they had replaced the front windshield...

the release of valuation allowance on certain deferred tax assets increased net income by $5bil

this is from Q1 2021 when they put 2021 in Bitcoin. So 4x bigger investment and no one is talking about it...

Seems no one is talking about the 4.3 billion purchase of investments?

Plus 120billion in marketable securities = 170 billion of cash

Would not be surprised if we find out tomorrow that Elon sold yesterday and today

The declining volume on the 15 minute chart and compared to previous days indicates that he might be done with his sales. Let's hope it doesn't pick up again in the afternoon like yesterday. If low volume for the remainder of the day I would expect forms 4 filed tonight and Elon's sales to be...

Looks like he is selling today... He also hasn't tweeted or liked anything on twitter regarding Tesla which will be the case until he is done selling

Thank you! I'm as heartbroken as everyone here but lets hope this is the last time he will sell shares

Ready for your apology... In retrospect it was very obvious to tell by the price action that he was selling

I am fairly certain that elon has been selling thursdsay friday and today. He probably used margin to finalize the twitter transactions and has been selling the past 3 trading days to close the margin. I'm sure we'll see forms 4 filed tonight

Does anyone have the source or link to a document confirming the quiet period?

Can someone convince me to not sell as many $400 put options as my margin allows expiring in June 2024 for $9,000 each?

In that case you can sell 100 shares and buy 2 or 3 $700 call options expiring in January 2024 for about $21,000 each

$TSLA low today was -9.999%... you can't make this up

This is a great summary and was some how not understood by us all while insane gains were being made in 2021 that later evaporated

Has to be Arkk dumping after TDOC being down 45% today

@Yoona I am surprised to see you abandon your CPS and BCS strategy . From the looks of it you were making a killing even in this rough market over the past 2 months. Did you have a bad experience with a trade?

haha a full circle indeed

It appears that when something is too good to be true it usually is. I am sure many people, including me are burned badly after getting introduced to BPS through this thread. When people were talking about 2-5% risk free returns in a week selling BPS that should have rang some bells. Now the...

I suppose it was rolled into another position since I had to roll most of my BPS as of year end. Something to be aware of next year.

Did anyone just get their 1099 statement from E-Trade and notice a large disallowed wash-sales due to selling BPS?

Great post... Has your view on the profitability and risks of selling credit spread changed after these past few weeks?

This is good info. I am currently refinancing my home to for the same purpose. However with Chase bank and a 75% cash out refinance. My rate is 3.875% ....

From my understanding the "rolling" option is not available on Webull. What do you do to mitigate that?

I would also be able to roll easily if I simply increase the spread to $300 to next week. At least my long leg has value now as oppose to having a 1000/1300 and the 1300 would be worthless at this point.

Any help with rolling forward -1020c +1070c exp today? I can't find a single good roll

On Elon selling days it looks like the selling usually ends around 2pm... 3 more hours

I think that's a very good strategy... Just to confirm - is that 7% on your total account value in the past couple of weeks?

Sold $1120 - $1170 BCS to create a IC from my $950 $900 BPS expiring this friday

Was able to set it up following your instructions. This is genius, thank you

Good summary - thank you

Congratulations! That is very inspiring!! Would you mind sharing in % how much your account grew in this first year of trading spreads? Also, it seems like you are not following @adiggs and @BornToFly methods of using super large spreads. I have found that when rolling I like being able to...

Just rolled my 11/19 BPS 950/870 to 12/03 920/870 for 0.5 debit. Will be travelling for the next 3 weeks so reducing my risk here

Sorry, I didn't add the position im closing. Was just looking at different trades that give me around 5k credit. My focus is keeping my shares, I would probably just roll to $880 as you suggested. that would be bad

I have a $860 covered call expiring today, obviously deep under water. Have been exploring different options to roll to next week. What are some of the risks with the below I should be aware of?

Thank you for the summary! I could not find the computation on the original thread #8725. Could you post a link here?

life saver

For those using E*trade. Do you use the Power E*Trade platform for your spreads? or the regular platform?

Awesome, thank you!

Thank you for that information - that is my understanding as well. My question was more specifically directed towards selling CC in the money, as opposed to out of the money.

Good morning everyone. I have a $860 covered call 10/22 exp. that I opened last week. I don't want to loose my shares as the tax consequences would be terrible. My plan was to roll them but I remember reading in this thread somewhere that if you sell a covered call in the money ( For example...

Great point. That is not bad at all

Thank you for all the explanation. Hopefully I can pay it back at some point. I will put on a cheap BPS on monday in order to learn by doing!

I am still worried about the scenario discussed. When the share price is between the put sold and bought. My thought is that the put bought will loose value much faster than the put sold and you will get stuck with spending 70k to exercice the put

So about a 4.2% return for a 2 week trade? Or 109% annualized?

What was the total amount of margin required to do this trade?

When buying BPS: Is it always done with a market order?

Thank you sir, that's a good plan!

Thank you. Yes this thread is very valuable. I am in my mid twenties so I have a long way to go, but was lucky to invest in Tesla in 2019 and hold ever since. Earlier today I sold a Oct 22 $860 covered call, which I already regret doing. We'll see how this goes.