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I’m with @EVNow on this, optics are dreadful. Where was the BoD when Elon was posting stock-selling polls on Twitter prior to dumping on the open market without any consideration, crashing our portfolios, cancelling my retirement? Of course his brother was so “lucky” to have offloaded...

We're talking TSLA, right? Well all depends on your cost basis, if you sold the put when the SP was @140 then you're much more flexible than if you sold @190... And then it depends on the positioning of your portfolio - for instance I just bought 100x Jan 2025 +p150's, but am also holding July...

Only the 5/24 -c800/-p900 positions I have in play already, SP >800 and I just let it play out

So, if everyone is now heavily positioned for the upside, then surely the stock will go down, right...?

Can also be the case that many of us were long term TSLA shareholders and went through the inflationary phase in 2020/2021 where it just seemed to go up every day regardless of anything Happy times!

Has been looking like a 180 close since, what Tuesday already...? No MMD to trade out/in the -c175's, but being capped here is also OK We've had two hot macro days in a row, reasonable chance Monday's red I would say... pure guesswork on my part

I'd like to discuss, but don't want to pollute this thread, we can DM it, or if you prefer to have it "in the open" start a new thread so we can argue in public 😬

So then consumer goods companies should trade lower as no-one is buying their stuff. The ones that can afford it likely don't care about interest rates anyway... Trouble is that every other day there's some kind of stat, indicator, speech or even happening that irrationally moves the markets...

So more people lost their jobs and wages rose less than expected, so the markets pop TBH I don't see the sense in that right now as it's almost a given that rates won't be cut until later in the year at the earliest At this point in time, maintaining a strong economy would seem better Plus...

Yes, Tesla would do better to keep the base price higher and offer 0% finance, cars would shift and margins would be better Seems to be little, or no thought put into this, I still suspect it's the main reason Zack left the company, which is when the rot really started to set in...

Back to on-topic... Will be looking for an MMD today to close-out the 80x 5/10 -c175's that were so horribly ITM just one week ago, rolled for $23, if I can buy them back for $5 would be nice, then see if the SP gravitates back up to $180 and resell, either same strike for less, out a few weeks...

I'm 100 pages behind on the other thread (despite fast scrolling through most of the nonsense), just went through all the earning-call posts yesterday, the refusal of most of the folks there to engage in any discussion that might be considered "bearish" is shocking, and the derision to factual...

Guys (and girl), the European April numbers are slowly coming in and so far not particularly impressive. Too early to tell, but you would have expected the +50k excess inventory to be showing up, causing a tangible boost over Q1, but so far not happening - needs a few more days to get the full...

It was for 5/10, not tomorrow, anyway, the moment is gone and it was, like I said, pure gambling, which one shouldn't engage in, a win can encourage more, which will lead to losses I'll stick with my well thought-out TSLA positions and lose all my money through more gentlemanly conduct, thank...

Meh, that 50x AAPL +c180 yolo I nearly bought for $1.2 would be priced around $7 now... 😭

Haven't they got enough cash that they could buy back the whole company now? "Beat" apparently, buy what, 0.3% or something? 😂

Indeed Apple ER after the bell, could move the needle... as I recall, iPhone demand was under pressure in China, but fundamentals don't seem to matter any more, no idea... I nearly did an AAPL yolo earlier with a buy order for 50c 5/10 +c180 @$1.2 -> not a lot of money, but pure gabling, which...

Indeed, macro ripping a bit today, TSLA straggling somewhat... still surprised it hasn't crashed given the seemingly random and impulsive nature of the Tesla lay-offs, but what do I know? Meanwhile - always think it's uncanny that you can often draw lines liker this on a daily chart

Yah, I should've gotten out of my remaining -c175's widen the SP hit $176, but expected a bit more downside, put in a limit order, but it never went back there Surprised to see it green, was looking like 180 was a shoo-in for tomorrow, let's see...

Steady on, mate!

Well if it goes > 900 then I get a net sell of $950 as the puts expire Bear in mind that I don't actually want to hold NVDA shares, I only have them because they were put to me, so I'm just looking at how to make the most of the current situation

"market forces" 🤪

Doesn't look like a great idea...

5x -p950 assigned, $50 premium, net cost $900 BTO 5x Jan +p900 -> STO 5x 5/24 -p900 @$90 STO 5x 5/24 -c800 @$60 NVDA >800 <900 -> 5x -c800 exercised, net $860, 5x -p900 assigned, net $810 And I still have the Jan +p900's, so I can write straddles, strangles, inverse strangles, etc. In fact...

So here's an interesting trade I'm thinking of with NVDA... Starting point is that I had 500 NVDA put to me @$950, less premium $900 cost-basis As the SP dropped quite a lot after that, I got antsy about offloading the shares, so bought 5x Jan 2025 +p900 @$140 I then STO 5x 5/24 -c900...

Don't forget I'm in Europe, so most main market trading is outside normal business hours... but I'm a freelance consultant -> and one of the bands I play in is with work colleagues and was requested by the director, so ti kinda overlaps Yeah, but all this GEX and options stuff was pointing...

Buy/Writes, no? I was just selling puts against long puts When I give up the day job I’ll look to diversify

Hey gang, watching SMCI trading in the low 700's earlier, I couldn't see any rolls worth the effort, so decided to just close out the +p's and -p's, take the small loss (-$35k) and move on Seemed like a nice idea to trade SMCI with the high IV and juicy weekly premiums, but that's the problem...

$1 per week is quite a distance from ATM, in 95% of situations you can roll those down before they go ITM If the SP pops up then 50c per week is also acceptable Right now I'm more concerned with a drop back down rather than up, I have lots of upside cover, but felt a bit naked on the downside

OK, BTO 100x Jan 2025 +p150 @$13.9, of course the moment it hits the SP keeps rising, as always 😂 Cash depleted, but available cash (=margin- now 2x what is was, so not al bad news Why buy these when I already hold July +p150's? Because then I can be aggressive selling weekly -pATM's until...

I thinks it's a near certainty that rates will be held, but can you never know what tone he's going to use in the speech and the Q&A. Previous time he was very dovish, but seems to me that inflation indicators have crept back up since then, so you have thought a more hard line would be taken...

I bought the +p's before the -p's to form calendar spreads, so yes I can roll them for 18 months, but if there's no extra value coming from the rolls then there's no point So yes, I might just close everything out as it's quite the distraction too... same for NVDA, it's fun to play with several...

Well I still think TSLA should be under $100 right now... and I take the rally from earnings to here, still +25% IMO Anyway, with long-dated +p's it's a game of patience too, and allows me to sell relatively aggressive weeklies without worrying too much - especially as I still have the July...

Have to say that despite the recent rally my thesis on Tesla at this moment in time remains unchanged, if anything it's more bearish after Musk has been firing staff willy-nilly, seems like a bit of a scorched-earth policy he's conducting right now Yes we have the China FSD story, and in theory...

In Belgium we pay 0.35% government tax against the total amount on stock transactions, up to a maximum €1600 (protecting the big players there, you see), and 0.3% broker fees for exercised options without limit, so if I have 4x -p1000 put to me, that would be $400k and I would pay $2600 This is...

I did exactly the same, 5/3 -p170's -> 5/10 -p180's, still have the -c175's, well 80x rather than 100x, looking for some sideways to consolidate and reposition Still have the July +p150's, so no a big drama, but again, annoying

Yes, they're fully covered by Jan 2026 +p's, so no problem there Seems to me that the dump is overdone and doesn't point to any downturn in AI hardware mania, so could be short-lived and has no direct reflection on Nvidia from what I can tell So yes, I could close out all the SMCI positions...

JHC, SMCI down the shitter! On good results too, let me guess, "market forces", right 🤪 Will need to do something with my 4x -p1000's tomorrow, that's if they don't get assigned overnight, that is... Witten against Jan 2026 -p800 & -p1000's, so am covered, but not the weekly -pMILK I was...

CN deliveries dramatically improved this last week with 14.8k

Well I have quite a lot of cash on hand, and hopefully morein the coming weeks when I offload the 500NVDA I got put at $950! But essentially I'm just trying to reduce the number of contracts, if you can manage 20x per week then in a month they're gone Plus I do have lots of long positions I...

Yes indeed, this is a a strategy I use a lot, and add puts into the mix too, like today: 100x 5/3 -c175 -> 80x 5/10 -c175 + 100x -p180 Another thing that can be done, although it may seem somewhat contrary is to roll calls down and reduce the expose, so (pure example, didn't check the prices...

I think the ferocity is down to exactly what was discussed over the weekend. Q1 was assumed to be garbage, everyone positioned for it, it was garbage, but with all those puts to play out, the manipulators pulled the plug, assisted by Musk's 24/7 stock pumping For my side, I too think this is...

I've lived through several TSLA short squeezes and this appears to be by far the most violent Who woulda thunk it after garbage Q1 results Funny old world, eh?

Jeeze, just when you think it has had enough and is pulling back, off it goes again! So obviously my 100x -c175's are in a mess, although I can free-roll to Sep -c220's using the Jan +x300's as long leg of the spread I could also offload my +p150's & +c300's to essentially buy-back the...

Looks like we're heading for another >10% gap-up in two weeks 😂 I can imagine there are some shorties holding on last week expecting a pull back, looking nasty for them For those of us expecting 170 - 180... 🤪 I have 100x -p170/-c175 in play, thank goodness I wrote the puts on Friday, even...

That's why I like my mix: longest LEAPs I can get, monthly long calls, long puts, weekly short puts and longs... try to capture the weekly IV and Theta, while being protected from a big move in either direction, sort of

+4% in early Frankfurt trading

Would indeed cool a bit after last weeks rapid recovery, but I'm exiting it to hover around 170 for a week, maybe two, which is why I wrote fairly aggressive 5/3 -p170/-c175 spangles This is more based on the GEX/GAMMMA stuff from @Yoona over TA, and the general feeling in my gonads We shall...

It's when Kimbal dumps a load that you need to get worried 😬 I do think TSLA will have a mad rally at some point, maybe a few more iterations of FSD so it becomes good enough that it enters the public conscious, also an OEM licensing FSD would like send the stock crazy, if one OEM comes on...

Every top and bottom for the rest of 2024 would be more useful :p