This is a thread for Tesla investors who may want to diversify their options trades beyond TSLA from time to time, as opportunities present themselves. Sometimes there are amazing set-ups like when VFS was over $80. And maybe it’s not always a good idea to be 100% reliant on TSLA for action every week. Selling non-TSLA puts backed by TSLA shares removes some of that catastrophic risk of puts going DITM at the same time as the margin backing them dries up.
I just sold NVDA 11/24 -p480/-c500/+c520 as a quick earnings play. Will roll the put or maybe pick up my first set of NVDA shares to wheel if there’s a bigger drop than there’s been so far AH (I’d probably let 2 ITM TSLA calls exercise to pay for them).The call spread seems safe right now but is profitable up to $516 (including the premium from the put).
I just sold NVDA 11/24 -p480/-c500/+c520 as a quick earnings play. Will roll the put or maybe pick up my first set of NVDA shares to wheel if there’s a bigger drop than there’s been so far AH (I’d probably let 2 ITM TSLA calls exercise to pay for them).The call spread seems safe right now but is profitable up to $516 (including the premium from the put).