Search results

^Yeah, what he said https://www.isabelnet.com/wp-content/uploads/2019/09/SP-500-Operating-EPS-vs.-USA-National-Income-Corporate-Profits.png

Wishing someone luck is a way to tell them to piss off, you're done with them. Also, 2009 was 11 years ago.

Yeah, graduating college and entering the work force into the second worst economy downturn in the history of the United States was super fun and easy.

Two year LEAPS are what I plan to buy too. Maybe Jan22 1000 or something. On the other hand, Q1 is usually pretty bad and we have the virus going around too, it's highly likely that Q1 will be in the red, which will provide an even better opportunity to jump in. I'm still trying to figure out...

After making a series of minor (MASSIVE) mistakes, I think my reentry point is fast approaching. Just sucks that option premiums are so expensive right now. Probably still go all in on them though.

I know, right. 50% drops and 6-month declines are not un-common for TSLA shareholders. We all know how this ends; it'll pay off in the end.

Yes we have. I was waiting for someone to rub some salt in. No problem though, I already bailed. Thank god for that dip just now. Saved me about 30-40k.

I think I have to get out of my positions tomorrow morning asap, and not risk any margin call jumps and/or analyst upgrades.

I'll sleep on it, but I most likely will abandon my short straddle strategy and take the 150k~ loss. God I wish I wasn't allergic to alcohol and can just drink this off. Looking back at Elon's payout deal, he is aiming for 650b valuation by 2028. At this point, there's no point doubting...

Well, this marks 300 dollars since I sold all 59 of my Jan21s calls and started a short straddle. I don't even know what to say or do or think at this point. Not only did I leave over 1 million dollars on the table because I ended up being weak long after all, but I actually lost a ton of...

Where did I say I was surprised? It's weird and it's unsettling, yes, but it's not surprising. I'm just looking for some reassurance that nothing is flying over my head. Speaking of which: Thanks. No other snippy, condescending comment is necessary. Have a great day.

You need a new accountant. I usually pay around 20% fed+state combined.

I'll end up with 250k minus the cost of whatever adjustments I have to make, in theory. It's just weird seeing the account's value drop so hard, so fast, when the account + premium value stays roughly the same. I'm down 30k the last 2 days. Clock's ticking and I'm supposed to regain that 30k...

Thanks, I understand that, but that's not my question. If I continue to re-adjust my strikes, they will stay at the money. Re-adjusting costs premium, but it's a minor amount compared to the overall premium gained. If I continue to keep my strikes at the money at the cost of premium, they...

Does anyone know what happens to a short strangle if the SP keeps going up like this as it approaches expiration? My account keeps going down (of course) and I'm practically readjusting my strikes every day now it seems. Today's readjustment from 545 c/p strikes to c/p 580 strikes costed me...

I think I've only had 1 green day since I started my short strangle earlier last week. It's just silly.

Man you guys are really messing with my short strangle strategy. Grats long, but try to keep the price steady for a few weeks, thanks.

I changed up my strategy a little. The problem with my previous strategy was that, if the stock were to go down, I would lose a substantial part of my holding before I was able to transition from selling calls to buying calls. So, I went ahead and decided it was better to sell puts instead of...

I currently am holding only options. I think there is enough juice for Jan21 400s to hit 50 within the month so I'm holding out for that. News seems to be positive right now. IV is at a relatively low point at the moment since we're still getting over the ER, and we do have a few events in...

I understand what you're saying, and my 59 call options prove that I believe in the company, but man I've been burnt so many times before. Early on, I took so many trips to 100k, only to retreat back to 50k over and over again. This year, I took a trip to 250k, only to revisit 45k. I'd be a...

Thanks I guess. Sorry if it sounds elementary. Between the youtube videos, articles I've read and other forums that I've asked, they all confirms that this should work. I felt like I needed to be 1000% sure before I put money into this plan. It just feels so wrong because this feels like a...

Feel free to roast me over this. My excitement will drown out the noise. Quick summary, using call options, I took 55k to 250k, back down to 45k from the massive crash this year, and now it's back up to around 227k. Now that it's around this level, I want to start converting those call...

I do not understand why people like to make these idiotic assumptions. None of that can be extracted from my post. I don't get it. What do you gain from this?

Well that's two people who assumed I don't know what I poured a quarter million dollars into. Do we see three.

God. Earlier this year, I bought a quarter million dollar's worth of TSLA Jan21. It's down to 5 digits now. I keep waiting for it to recover, but it just doesn't seem to be capable of doing so. I have no idea what to do now. I do plan on rolling it over to Jan22s eventually, but doing so is...

I'm starting to wonder if, even if Tesla exceeds selling 1m/year, if Musk's insistence on growth over profits will keep the stock price stagnant. Talking heads on TV may be full of it, but people hitting the buy and sell button for a living aren't dumb. They see the tremendous growth Tesla is...

GG my 400 Jan21. Looks like hitting break even by 2020 isn't going to happen.

Two girls, or guys, at once.

No smiles until 300. No happy smiles until 350.

I always bothers me how with certain people you can't appeal to their intellect and convince them with just data and seeing where the experts lay. You have to appeal to their emotions using things they're scared of.

Good day. Only need to do this 5 more times for me to break even.. Maybe 6, given the time decay on my leaps.

The SP has dropped about 100 dollars since I bought those Jan21 leaps, do I get a prize yet? I always think back to that Jeff Bezos interview, in the somewhat early day of Amazon, he talked about how he kept seeing Amazon's SP go down while watching the balance sheet go up and it made no sense...

While we're in the mood to share family stories, my mom told me the other day that she 'heard on the news' that someone got locked in their Tesla and died. The point is not my mom's herculean levels of gullibility, but this FUD goes a bit further than just cnbc and seeking alpha articles.

I think Elon does it on purpose sometimes as somewhat of a cross between a challenge and a game. Kinda like his attitude towards traditional advertisement.

I'm waiting for him to downgrade to 9.50, then 9.00 the next week, then 8.50, just so they can make a headline out of it.

According to nasdaq.com 17:07:11 $ 176.9142 Low 1,008 Could still be an error, but otherwise, someone dumped 1k shares. It immediately bounced back though.

And the sooner the better. Theta has probably already taken a good chunk. Maybe once this is all over, I'll switch to selling puts instead.

Nope, all Jan21 call options, so if it rebounds, I'll be ok. But I like to expect the worst. Only thing that bothers me is that there's no way for me to safely profit off of this dip since I'm pretty much out of money and rent is still due next month.

Well I'm already down around 200k, or 80% of my net worth. Might as well lose the rest of it.

So, who's going to downgrade tomorrow? There is no bottom to this thing. Another 12 dollars or so and we'll be back to where TT007 liquidated his position a few years back.

Quickly approaching three years or pre-tax salary. I'm completely out of money and will barely have enough to scrap by the next few months. The only way I can profit (for lack of a better word) is to turn my Jan21s into Jan20s, but that's extremely risky.

I'll feel better again once I make back the two year's worth of pre-tax salary I lost in April.

Well, can't say I'm not panicking, but I'd feel a lot better if I was in stock and not 100% in call options. Luckily, they're Jan21s, but still.

You, good sir. I like you. I'm following a similar path myself. I took an M3's worth of money and threw it at TSLA. As of last March, I had enough for a 2020 Roadster. Now it's down to a Model S, unfortunately. Been a rough month.

Gonna stop looking at my portfolio for awhile, for my health and well being.

Sigh, no relief for my 400 Jan21s

Man, wish I was better at buying options. The stock has only lost 4.5% since I bought in, but Jan21 call options have loss 25% of their value.

-60k today, who has me beat?

Yup, about a quarter of my portfolio down the pooper 30 minutes when that was announced. I haven't been hurt that bad in a long time.

400 Jan2021. The options calculator I use says they should be around 40, but currently selling at 37. I've been using that calculator for awhile now with other stocks, so there's a good chance I got a discount on top of the current price's discount. I've x4 my account in 3 years, mostly from...