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Yes, I'm fine, don't worry and reading the thread, when I get the chance I'm super-busy at work, so no time to hang-pout here, sorry! Before I nuked it, I posted on Twitter why I was deactivating the account and starting afresh, just needed to flush all the crap out, notably the booze photos...

Tesla Q4 2021 Vehicle Production & Deliveries | Tesla Investor Relations :p

A free-lunch is a rare thing, be happy!

So you're only selling puts, right? Not holding any calls/LEAPS to sell against? The amazing China domestic sales for December gives me quite some optimism for P&D, I'm going to hold-off any aggressive call selling today and wait until Monday (unless the stock shoots way up, which I doubt...

Thanks, I Tweeted this out

Wow!!

Smart move, methinks... I'm also dialling-down the leverage and exposure, it's great when it goes well, but when it goes bad, the stress is way too much I'm at the stage where capital preservation is takes precedence over growth Would still like 1% per week if possible, and like the rest of...

Tech crapped itself into close, all of it...

Broadly, street is saying 265k, Tesla folks 285k

ITM calls are best, DITM better, sell covered calls against them to recuperate initial premium and reduce cost-basis... For example, the c900's I'm holding, I can freely sell lcc1200's against them, if the short goes ITM, and I don't feel like rolling, I can close the whole lot out and pocket...

I honestly can't call this P&D and what might happen - many times in the past we've had great numbers and the Hedgies/MM's have killed it off - recall all the times you saw and AH +10%, PM +7%, then magically by the main open, flat... That's why I was thinking of the 1100 straddle, but now...

I think the moose-head is his chief analyst, no?

What's with this sudden pre-market dump...? Edit: looks like it's just a Hedgie bear-raid using the rear-camera harness recall as a motivation, might spook retail a bit, but it's essentially nothing

A bit cautious on the put side of the trade...

Are you looking for an IV crush on that 1050 straddle? I played that for Q3 and it would have worked out great if I had closed both sides of the position immediately, but the call code ran off into the distance and injured quite some losses

That's not futures you showed there, but yesterday's close, futures are green:

For some reason, I don't find your previous posts, but as I understand it, you hold a bought call, right, was a Jan 21 c850, or something like that, which is currently negative value - these are currently priced around $245, most of which is extrinsic Let's say the call cost you $350, meaning...

Don't understand why you don't sell a strike against it? Free money, man

Nasdaq crapped its pants, now whether that's the index bringing $TSLA down or the opposite, I really couldn't say... Still, $TSLA down pretty much in-line with the index, better than AAPL & way better than most of the EV stocks

I'm pretty sure they aren't published until close of AH trading, no?

Don't forget it's a smaller tranche this last one, so they say, completed sooner. Sure looked like continual selling pressure until suddenly there it was gone and it popped. Unfortunately the macros took a dump after that, plus Hedgies still would like the SP below 1100 for the Friday close...

Contracts are in multiples of 100 underlying, there are some exceptions as some brokers now trade partial contracts, but pretty limited I think

Do yourself and her a big favour buy keeping it a no-gambling zone!

When I was working for the national telecom operator, here in Belgium, and we toured the data-centre, they had a flywheel backup battery - was a very heavy cylinder, more than a wheel, I guess for practical reasons...

So a "recall" then...?

Nice day! Here's some great stuff from TLoB to keep the smiles going...

I'd be surprised to see a sale tomorrow, then next week I'd be looking for a "Santa Rally" plus P&D FOMO, which should balance out any sells - a bit like we saw yesterday, the market knows it's ending and the hedges stopped front-running it

What you could do is mix it up a bit - with 500 shares you can write 5 covered calls, so sell 4 of them 20% out, but one 5% out, dare it to exercise, then play the Wheel with that. Not much ventured, but you'll pick it up quickly enough

Selling 20% out is indeed normally safe, 20% rises in a single week are not very common and rolling sold calls forward is pretty straight-foward The question is more around the income you can expect, and that's totally dependent on the IV - today it's running pretty high for calls, a 31/12...

ITM BPS - interesting looking trade, very good risk/return, 10x of those for only $100k margin. Biggest risk, of course is there's a long time for some kind of negative news to come out keeping the SP below $1000 - as we saw these last weeks, these things can be most unexpected

I've been thinking on how to work this situation to some advantage... one idea that came into my tiny mind, just a moment ago, would be to sell weekly straddles. So, for example, this week, c&p900's, seems to be the area of attention, maximum Theta for each, on of them will always win, roll the...

Seems to be quite a desire to keep $TSLA pinned around $900 today, can we assume this is the Thursday target already?

In fact the "naked put" is a +p0/-p1000 spread...

Hindsight is a harsh mistress, we can only make decisions in the moment based on what we know or feel at that time, beating yourself up after the event is pointless, learning from it is priceless I'm still in the former camp...

My broker has an "auto sell feature" that I need to explicitly disable for every long trade...

I think they pushed it down like crazy into close to protect the Closing Cross, and rightly so, 5.4m shares traded at that moment - Wall Street looking after its own...

My up-to-the-T.I.T.S. leverage concurs with this...

Can you not trim the position a bit - not necessarily close the whole thing, but remove 10% of the contracts...?

Well, this is a welcome respite today, no? I think this suits most folks here... Monday might be a different story, but seems all is well with $TSLA, just the gyre surrounding it that causes all the pain Close looking like a few cents above $950, is that's the case I will sleep better over the...

Impossible to rate this with the forum system, it's a melange of: ❤️ 😱 😢

Sir, yes sir! Normally I'm pretty resilient, feeling spooked this time... OK, don't want to clog the thread

Two main reasons: - Hedge-funds are aware he's selling (they have the tools to detect this) and they front-run the situation by selling first, then rebutting at a cheaper price - Supply & demand - normally $TSLA is quite float constrained, yes you may see 20m, 30m shares traded in a day, but...

Looks a bit like Nasdaq rotating into DJ, TBH, but still, given that $TSLA is very oversold, the drop seems suspect

Sorry for the off-topic, but $TSLA holding up well while the QQ has been pulling-back a bit, now >4x the index ETF

A rather dangerous drone... Have you not read Banks? You need to read Banks to fully understand Elon's ambitions

Well at least if Elon swoops-in and dumps 934,091 shares in open markets, and we drop 6% from here, then we're back at $940, could be worse!

Well he never said "when" he would sell the 10%, so thinking logically... with the exercise of the options he pays tax, to pay the tax he needs to sell shares, on which he pays more tax, so it's a double-whammy, goof to get that done while the rate it lower For the remaining 5m shares to make...

Hedgies like to acquire the cheap shares to cut down their FTD's...

Everything as expected...

Looks like we have some good old)fashioned capping ongoing at $940...