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Anyone here with options prowess able to layout a scenario where a Poor man's CC could be utilized instead of actual Shares. My limited understanding says eg: Buy LEAP option say June 2024 820C at a cost of $24,710 instead of shares for closing price of $82,328 Sell a 06-28 CC ATM -C825 to...

Bought back for .54 Happy to take the 65% win for a morning trade

06/28 -C195/+C225 1.58

Sell on the news

Yes pretty much exactly what you said but I do ladder in even some 5dte tossed in. 5-10 deltas. I usually close at 50% profit which can happen intraday

Join the club, I have been trading SMCI & even with it's volatility it seems so much easier due to the lack of noise

i was on hold for 52 mins before i gave up

I am unable to log on

Bought back for $2.35

Dare we play with fire? Yesterday I sold a bunch of 6-14 185 cc's for $3.50 buy 'em back on a MMD or let'er ride ? 🤣🤣🔥

won't be surprised if it runs to 1200 before rejecting back down

I am sitting on my hands until after meeting

Sold the 185 CC 06-07 for $3.00 this morning Bought them all back for $1.10

now where is that grain of salt..........

Took advantage of the pop 5-31 -C185/+C215 .77

https://chartexchange.com/symbol/nasdaq-tsla/optionchain/summary/

TSLA Max Pain for 5-31 slipped to 175

Very quite here this morning, If we dip sub 175 I might sell a few 165 CSP for this Friday

I'm going with the @dl003 forecast👍

Thank you for the recap (and I always believed you & greeks)

Apparently option charts are a bit sleepy this morning,they have now updated to 177.50. Thank you

Looks like still 180 for 5-24 but 177.50 for 5-31 https://optioncharts.io/options/TSLA/chain/2024-05-24w/chart/max-pain

5-31 BCS -C185/+C215 2.38

Best employee is no employee?

Pre Market sub 180. Think I might sell some 170 CSPs

I think my head just exploded

-c200 x 10 05-03 6.40

I have shares with a 195 cost basis, I plan to sell 200 cc if we hit 195

Glad I did not get greedy & closed out my 180/210 BCS for 50% profit on Friday

Bought back for .85 for the 50% win

🔥🔥

Planning to buy back on a pull back "it'll pull back right? Right?"

I rolled these to 4-26 last friday for a credit. Will close them out tomorrow morning

BCS 5-13 25x -c180/+c210 1.77

This is correct in my opinion, The new arms race

Jim Holder where are you buddy? everything ok? i believe Jim is observing Passover hence his absence here

Whilst I agree with your thought there are certain things he is unable to control. Prolonged elevated interest rates & overall macro fears. Possible banking meltdown & wars. He of course knows all these things & has not been shy to warn us about them in the past. Speaks the truth & many on WS...

Let's hope he's not doom & gloom on Earnings call............ but there again selfishly I won't mind a >10% dip as I am sitting in 80% cash

AH is liking the $99 FSD news (+1.08%)

BPS 4-19 50x -p165/+p135 2.02

BCS 4/19 25x -c180/+c210 1.82

A)

Nothing on CNBS web home page yet either, We know they seldom miss this type of "no demand" story

Closed out for .85 👍

BPS 04-12 50x -p165/+p135 6.02

Added Jun '26 250c 32.40 will add more if we drop more